Natural gas forward prices found some footing during the May 4-10 period as the majority of U.S. locations were supported by strong power burns and easing production, according to NGI’s Forward Look. Key Northeast markets, however, continued to slide ahead of a multi-week span of mild weather that may expand already plump storage inventories in the region.

Overall, June forward prices averaged 3.0 cents higher through the period while the balance of summer (June-October) climbed an average of 2.0 cents, Forward Look data showed. Prices for the winter 2023-2024 (November-March) tacked on an average 3.0 cents, but the summer 2024 strip (April-October) fell 5.0 cents.

With maintenance wrapping up on portions of the Algonquin Gas Transmission system, prices there plummeted.