Dismal weather-driven natural gas demand sent spot prices crashing lower throughout the Sept. 28-Oct. 2 period, with key U.S. market hubs sliding well below $1.00 before the end of the week. NGI’s Weekly Spot Gas National Avg. dropped 33.0 cents to $1.310.

storage sept. 25

The weak cash market aided in dragging down the front of the Nymex futures curve, where November lost about 36 cents from Monday to settle at $2.438 on Friday. December also came under pressure, sliding 28 cents throughout the week to $2.991.

Mild September weather carried over into the first few days of October, with chilly mornings and mild afternoons draining gas demand across much of the Lower 48. However, a blast of chilly air plunging across the Canadian border was forecast to send temperatures tumbling in the Midwest...