Except for triple-digit advances for Dominion and Northeast citygates, the major volatility of recent days continued to subside Wednesday. It was also a second straight day of mixed price movement. Most of the East shared the Northeast-Dominion firmness but with much smaller increases; however, Chicago citygates and NGPL-Midcontinent saw drops of up to about 70 cents after a winter storm had moved eastward out of the Midwest market area.
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Prices Plunge Except in Some Parts of the West
After showing much strength going into the weekend, prices returned to major softening mode in most cases Monday. Dollar-plus declines reigned throughout the East and approached $6 at Chicago citygates despite a sizeable snowstorm being expected to hit the city Tuesday afternoon.
Prices Up as Cold Refuses to Leave East; Rockies Quotes Dive
Except for plunges in the Rockies, the market ended the week on a considerably stronger price note Friday than some had been expecting. A few Midcontinent pipes (Williams, NGPL-Midcontinent and Reliant-West) were close to either side of flat, but gains at other non-Rockies points ranged from a little less than a dime to more than a dollar (Algonquin citygate). A majority of the upticks were between a dime and a quarter, with much larger ones clustered in Northeast citygates.
Prices Continue Surge Except at San Juan/Rockies Points
Riding the wave of a decidedly bullish storage report and a prompt-month futures contracts that settled above $5.00 on the previous day for the first time since late April 2001, prices wound up an already strong week with further advances at most points Friday. Only San Juan/Rockies numbers, which have frequently moved contrary to the overall market in recent weeks, succumbed to weekend softening.
Moderating Weather Unlikely to Halt Price Juggernaut
Except for a few flat to slightly lower Northeast citygates and western points, most of the cash market continued to build on Wednesday’s advance with further large gains Thursday. And sources said that with the dazzling 38-cent spike in futures, it’s a pretty safe bet to expect more strength in cash numbers for the weekend.
Prices Flat Except for Northeast, San Juan/Rockies Dives
Big declines in Northeast and San Juan/Rockies numbers stood out Friday amid a general market that was flat to slightly lower. Fairly benign weather helped explain the softness in parts of the West, while the Northeast was consolidating from recently sky-high price levels.
Aftermarket Begins With Falling Prices Except in Rockies
The September aftermarket got launched on a generally softening note Friday. Most points fell between about a nickel and a quarter from end-of-August levels, and also started out anywhere from about 15 cents to more than 50 cents below their first-of-month indexes. (Trading was done for the Sunday-Tuesday period since deals had been cut on Thursday for the last two days of August.)
Widespread Heat, Screen Spur Gains at All Points
High temperatures in nearly every section of the U.S. except the Midwest and Upper Plains, along with strong energy futures, generated a run-up in gas prices at all points Monday.
Mild Declines Continue Except in Parts of West
Small to sizeable gains at Rockies, Pacific Northwest and Western Canada points Wednesday contrasted with continuing mild softness elsewhere. Scattered points were essentially flat, but most of the cash market recorded declines of 2-8 cents.
Mild Declines Continue Except in Parts of West
Small to sizeable gains at Rockies, Pacific Northwest and Western Canada points Wednesday contrasted with continuing mild softness elsewhere. Scattered points were essentially flat, but most of the cash market recorded declines of 2-8 cents.