It was no surprise when cash market weakness increased greatly Friday. Not only was there the previous day’s futures drop of 31.6 cents as a depressant, but generally moderate weather forecasts in most areas and the weekend factor of declining industrial load played a part.
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Articles from Depressant
Nearly All Points Dive; 1-Cent Gas Returns in Rockies
As Wednesday’s swing to mixed pricing that was mostly softer had hinted, the impending return of warmer weather in the East and the depressant effect of four straight losing sessions by December futures combined to bring cash prices down hard at nearly all locations Thursday. Only flat El Paso-San Juan numbers averted a total sweep of softer quotes.
November 9, 2007
Hurricane Is No Match for Screen’s Cash Depressant
Even having achieved hurricane status, Irene proved to have nomore “hype” for gas prices left in it. Cash quotes Thursday fell adime or more at most eastern points and a little bit less in theWest. Gulf Coast numbers tended to drop a nickel or so from theirearly morning highs, one trader said. That resulted in the anomalyof him getting identical $2.67 pricing for an early sale inTennessee Zone 0 (South Texas) and a late sale at Transco Station65 (South Louisiana).
October 15, 1999
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