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Hurricane Season Finally Shows, Prices Soar

Don’t put your duct tape and plywood away just yet. The lull inthe Atlantic hurricane season finally broke last week with TropicalStorm Bret and Tropical Depression Four throwing a one-two punch tothe gas market and triggering a more than 30-cent jump in NymexHenry Hub futures prices, which broke $3 early on Friday.Meanwhile, the National Oceanic and Atmospheric Administration(NOAA) and renowned Colorado State University forecaster Dr.William M. Gray both recently reiterated their predictions that thehurricane season will be a whopper despite the early lull.

August 23, 1999