The market remained unable to find enough heating load to keep prices from dropping further at most points Thursday. Anecdotal evidence from one buyer suggested that increased use of storage to supplant new purchases of spot gas by utilities and end-users is part of the reason that prices have been weak for the most part over the past two days in the face of very cold weather returning to many regions. Futures weakness from the day before continued to be a drag on cash numbers.
Anecdotal
Articles from Anecdotal
Softness Prevalent in Mixed Post-Holiday Market
With the worst of the latest blast of arctic cold having occurred over the holiday weekend and a modest warm-up under way, the cash market turned in a mixed performance Tuesday that was dominated by softening.
February 22, 2006
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