NGI Weekly Gas Price Index

Weekly Natural Gas Prices Essentially Break Even Amid Shifts in Weather

Weekly Natural Gas Prices Essentially Break Even Amid Shifts in Weather

In a choppy and abbreviated week of trading influenced by shifting weather patterns and demand uncertainty, weekly cash prices ultimately posted a slight loss. NGI’s Weekly Spot Gas National Avg. for the Nov. 23-25 period declined a half-cent to $2.325. The market week was shortened to three days due to the Thanksgiving holiday. Natural gas…

November 25, 2020
Weekly Natural Gas Prices Decline as November Warmth Curbs Demand

Weekly Natural Gas Prices Decline as November Warmth Curbs Demand

In a week that started slowly as traders mulled modest shifts in weather forecasts, weekly natural gas cash prices ultimately finished in the red, dragged down by a midweek drop that coincided with the arrival of unseasonably warm air in the Upper Midwest. Cash prices sank 37.5 cents on Wednesday, more than erasing a modest…

November 20, 2020
Weekly Natural Gas Prices Mount Comeback on Northern Cold Blast

Weekly Natural Gas Prices Mount Comeback on Northern Cold Blast

Weekly cash prices rebounded from the nosedive of a week earlier, lifted by a round of winter weather in the Northern Plains that gradually pushed eastward and galvanized heating demand over swaths of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Nov. 9-13 period climbed 12.5 cents to $2.510. The week before,…

November 13, 2020
Weekly Natural Gas Prices Plunge as Mild Temperatures Sap Demand

Weekly Natural Gas Prices Plunge as Mild Temperatures Sap Demand

In a stark reversal from the prior week, temperatures climbed rapidly out of freezing territory and into the 60s and 70s across much of the Midwest, cutting off heating demand and driving down weekly cash prices. NGI’s Weekly Spot Gas National Avg. for the Nov. 2-6 period nosedived 61.5 cents to $2.385 as comfortable fall…

November 6, 2020
Weekly Natural Gas Prices Spike as Chilly Air Intensifies, Zeta Strikes

Weekly Natural Gas Prices Spike as Chilly Air Intensifies, Zeta Strikes

In an abbreviated week of spot trading influenced by colder weather and yet another hurricane in the Gulf of Mexico (GOM), weekly cash prices surged. NGI’s Weekly Spot Gas National Avg. for the Oct. 26-29 period jumped 59.5 cents to $3.000. This week’s average only includes trades conducted through Thursday, the cutoff for gas delivery…

October 30, 2020
Rising Export Demand, Strong Power Burns Spark Massive Rally for Weekly Spot Gas Prices

Rising Export Demand, Strong Power Burns Spark Massive Rally for Weekly Spot Gas Prices

Strong power burns and rising export demand launched spot gas prices sharply higher for the Oct. 19-23 period. Fueled by gains of more than 50.0 cents across much of the United States, but countered by steep losses in California and Appalachia, NGI’s Weekly Spot Gas National Avg. ultimately rose 42.5 cents to $2.405. Benchmark Henry…

October 23, 2020
Big Gains for Weekly Spot Natural Gas Prices as Demand Quickly Ramps Up After Delta

Big Gains for Weekly Spot Natural Gas Prices as Demand Quickly Ramps Up After Delta

Strong power burns and recovering export demand boosted spot gas prices for the Oct. 12-16 week. Stout gains were seen across the Lower 48, lifting NGI’s Weekly Spot Gas National Avg. 46.5 cents to $1.980. With Hurricane Delta quickly moving out of the Gulf Coast region after making landfall on Oct. 9, temperatures rose back…

October 16, 2020
Weekly Natural Gas Prices Surge as Hurricane Delta Wreaks Havoc on Supply

Weekly Natural Gas Prices Surge as Hurricane Delta Wreaks Havoc on Supply

Though demand remains at a seasonal lull, weekly natural gas prices got a jolt from Hurricane Delta, which prompted a big chunk of supply to be shut-in ahead of its Friday landfall. Driven by solid gains along the Gulf Coast, NGI’s Weekly Spot Gas National Avg. jumped 20.5 cents to $1.515. Benchmark Henry Hub prices…

October 9, 2020
Seasonal Demand Lull Leads to Widespread Losses for Weekly Natural Gas Prices

Seasonal Demand Lull Leads to Widespread Losses for Weekly Natural Gas Prices

Dismal weather-driven natural gas demand sent spot prices crashing lower throughout the Sept. 28-Oct. 2 period, with key U.S. market hubs sliding well below $1.00 before the end of the week. NGI’s Weekly Spot Gas National Avg. dropped 33.0 cents to $1.310. The weak cash market aided in dragging down the front of the Nymex…

October 2, 2020
Weekly Natural Gas Prices Drop Despite Heat in the West, Production Cuts

Weekly Natural Gas Prices Drop Despite Heat in the West, Production Cuts

Weekly natural gas cash market prices escalated three out of five trading days across much of the Lower 48, led higher by cooling demand in the West and production declines in the East and in Texas in the wake of a tropical storm in the Gulf of Mexico (GOM). However, a sharp pull-back late in…

September 25, 2020
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