While most natural gas customers in Floyd-ravaged areas of theEast Coast were expected to be back on line by today – over a weekafter the hurricane struck – recovery for some in North Carolinawill be a long term project.
Articles from Ravaged
As cooling temperatures were giving heat ravaged areas from theUpper Midwest to the Southeast much needed relief, the natural gasfutures market was doing its own cooling off early yesterday asprices dipped to the lowest level since July 23. The move lower wasshort-lived and after opening at $2.50 the August contract wasunable to attract follow-though selling, leaving buyers to bid themarket higher throughout the rest of the day. The prompt monthfinished up 3.2 cents at $2.575.