Bears roamed the gas trading woods in full force Thursday,sending cash prices down by a dime or much more at nearly allpoints. The biggest declines of about 35-45 cents occurred at thepreviously high-flying Transco Zone 6 and Texas Eastern M-3citygates in the Northeast. Although some Zone 6-New York Citydeals were still being quoted above $3, the average there fell intothe mid $2.80s.
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Prices Slide Into Weekend; Western Dive Steepest
Bears roamed the gas price forest with impunity Friday, sendingall markets down at least a nickel or so and causing severalWestern points to crater. Continued steamy weather in the Southeastand Midcontinent was no match for relatively mild conditions in themajor market areas of the Northeast, Midwest and West Coast. Andthe screen’s drop of about 4 cents didn’t lend any support.
July 13, 1998
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