Based almost entirely on the previous day’s futures spike of 42.7 cents — certainly not on a continuation of meek weather-based demand — prices rebounded at nearly all points Friday by double-digit amounts.
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Articles from Meek
Cash Price Softness Meek Compared to Stock Carnage
On a day that had virtually all traders mesmerized by the hemorrhaging of merchant energy values on Wall Street (see related stories), cash gas prices were mostly lower by small amounts Tuesday. Mild gains of a nickel or less at a few western points (intra-Alberta, Sumas and Kern River) were the exceptions to flat to as much as 40 cents lower (Transco Zone 6-NYC) numbers elsewhere.
July 24, 2002
Cash Price Softness Meek Compared to Stock Carnage
On a day that had virtually all traders mesmerized by the hemorrhaging of merchant energy values on Wall Street (see related stories), cash gas prices were mostly lower by small amounts Tuesday. Mild gains of a nickel or less at a few western points (intra-Alberta, Sumas and Kern River) were the exceptions to flat to as much as 40 cents lower (Transco Zone 6-NYC) numbers elsewhere.
July 24, 2002
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