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Weekly Natural Gas Prices Advance as Temperatures Drop and Heating Demand Mounts
Markets
Low Spring Demand Takes Toll on Weekly Natural Gas Prices; Futures Quiet Too, but Stronger Pricing Looms
Picture-perfect weather across the country sank spot gas prices for the April 5-9 week, with markets on the East Coast leading the way with the steepest losses in the Lower 48. NGI’s Weekly Spot Gas National Avg. ultimately fell 15.0 cents week/week to average $2.250. Nymex futures were far less volatile, aside from the start…
April 9, 2021Markets
Late-Season Cold Snap Lifts Weekly Natural Gas Prices; Warm April Forecast Keeps Futures in Check
A quick-moving cold front rejuvenated natural gas prices during the waning days of March and into early April. Fueled by gains in the Northeast, NGI’s Weekly Spot Gas National Avg. jumped 11.5 cents to $2.400. The National Weather Service (NWS) said record-cold high temperatures may be in store for parts of the Southeast northward to…
April 1, 2021Markets
Weekly Natural Gas Prices Creep Lower Despite Snowstorm in Rockies
Weekly natural gas cash prices inched lower despite jumps in the Rocky Mountains region after a snowstorm to start the week. The early week boost was not enough to offset mild temperatures, light heating demand and flattish pricing across much of the Lower 48 as the week wore on. NGI’s Weekly Spot Gas National Avg.…
March 26, 2021Markets
Weekly Natural Gas Prices Wobble as Late Winter Weather Falls Short of Driving National Demand
Customary volatility in the Northeast – punctuated by steep drops on a Tuesday defined by a lull in weather-driven demand – pushed weekly cash prices lower despite an active storm period. NGI’s Weekly Spot Gas National Avg. for the March 15-19 period fell 9.0 cents to $2.420. A heavy dose of winter dropped several inches…
March 19, 2021Recent News
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