Following the example set forth by the natural gas futures market, cash prices started strong Tuesday only to fizzle late in the morning as an unimpressive tropical storm brought spring rains and cooling temperatures to the Gulf and southeastern states. Tropical Storm Allison, the first tropical storm of the season, formed yesterday in the northwestern Gulf of Mexico but did little to slow the late declines in both cash and futures markets. Although prices at many locations were up initially yesterday, and posted average daily increases of a dime or more in some locations, sources agreed those prices will come under downward pressure today.
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Hurricane Season Packs 1-2, 3, 4, 5 Punch
Hurricane Georges roared through a deserted eastern Gulf of Mexico today, the fifth of what has been an alphabet soup of named storms to hit in four of the last five weeks, once again sending producers scurrying for shore, shutting in production or putting wells on automatic pilot.
September 28, 1998
Hurricane Season Packs Early Punch
Hurricane Georges continued along a path yesterday that revealeda stunning possibility that the Gulf of Mexico could be paid afifth unwelcome visit by a named storm this hurricane season,making 1998 one of the most active in recent memory. And therestill are more than two entire months left for mother nature tobrew up even more trouble. Two more tropical storms are growing inintensity right behind Georges.
September 23, 1998
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