The cash market, which had been fairly consistent in overallprice movement for most of last week, went into the weekendstarting to diverge on an East-West axis. While Friday’s mix ofgains and losses amounted to a generally flat wash, Eastern pointstended to be flat to about a nickel higher, and their Westerncounterparts tended to range from flat to about a nickel lower.
Movement
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Sideways Market Continues With Mostly Small Drops
Cash prices again showed little movement Thursday. The maindifference from the previous day was that small drops dominatedinstead of small increases. Thursday’s biggest fall of nearly adime came in Transco Zone 6-New York City.
AGA Leader Touts Emerging Energy Technologies
The distributed power movement and alternative energytechnologies got a boost from American Gas Association (AGA)Chairman David Biegler last week in his remarks at the 17thCongress of the World Energy Council (WEC) in Houston.
Biegler Touts Emerging Energy Technologies
The distributed power movement got a boost from American GasAssociation (AGA) Chairman David Biegler this week from remarksmade at the 17th Congress of the World Energy Council (WEC) inHouston. “Distributed power is attractive to consumers, especiallyin facilities like manufacturing plants, laundries and hospitalsthat need both electric power and thermal energy,” said Biegler,CEO of Texas Utilities. “It can cut costs, provide waste heat foron-site use and improve power quality and reliability.” Hepredicted distributed power could provide as much as 50 gigawattsof power by 2015, compared to less than 2 GW today.
Little New Price Movement Seen in Any Market
Enough cold weather was either arriving or developing Tuesday inthe northern and western regions of the U.S. to arrest, at leasttemporarily, the mild price slide that had begun the week. For achange there was remarkable cross-market consistency in thatvirtually all points traded flat to up or down a couple of cents.
Price Declines Vary from Tiny to About a Dime
Overall movement of cash prices was lower Monday, but there wereconsiderable differences among markets as to the degree ofdownturn. The Gulf Coast, Appalachia and Rockies barely budged withvery few points falling more than a penny or two. TheMidcontinent/Midwest tended to occupy the middle ground-fieldprices were only off 2-3 cents, but declines at marketarea-oriented points such as Northern Natural-demarc, NGPL AmarilloMainline and Chicago citygates were more like a nickel or greater.The biggest losses of around a dime occurred at Northeastcitygates.