Rockies, Cal Border, Alberta Avoid Overall Softness

Cold weather helped many Western points avoid the prices dropsin the East that generally ranged from a nickel to 15 centsTuesday. It was snowing Monday and Tuesday in the Salt Lake Cityarea and that is expected to continue today, a trader told DailyGPI. Only the Southwest basins and Waha were left out of the West’sfirmness, likely because they were getting no demand support at allfrom intrastate Texas and Midwest markets, sources said.

April 15, 1998

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.

March 17, 1998

Sources Think New Upticks Mark Peak of Rally

The overall price trend was up again Tuesday, but the market washardly a model of consistency. Some points, such as the Northernand Southern California borders and PG&E citygates, barelymanaged to maintain flatness or eke out small gains, while otherssuch as Waha and Northeast citygates continued to surge upward byas much as a dime or more. A marketer reporting Transco Zone 6(NYC) topping $2.60 said she hadn’t expected to see those kind ofnumbers again until next fall at the earliest.

March 11, 1998

A Few Small Upticks Mix with Overall Flatnes

February prices were flat to a little higher Monday, sourcesreported. One said buyers thought they would be able to knockprices down, “but you couldn’t.” There is plenty of demand and it’svirtually all storage-related, he went on. “All of a sudden we’reseeing February turn into an injection month,” and that’s what iskeeping demand high, he said

February 24, 1998
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