NGI Weekly Gas Price Index

Heat, Strong Power Burns Drive Stout Gains for Weekly Natural Gas Prices

Heat, Strong Power Burns Drive Stout Gains for Weekly Natural Gas Prices

With sizzling temperatures in the southern United States, and cheap natural gas prices driving strong power burns elsewhere, weekly cash prices rallied strongly the first week of August. Driven by 30-cent-plus gains in Texas and Louisiana, NGI’s Weekly Spot Gas National Avg. climbed 9.5 cents to $1.850. As daytime temperatures soared into the 90s and…

August 7, 2020
Weekly Natural Gas Prices Climb Higher on Strong Seasonal Demand

Weekly Natural Gas Prices Climb Higher on Strong Seasonal Demand

Weekly cash market prices ratcheted up across much of the Lower 48, led higher by strong cooling demand in California and swaths of the East. NGI’s Weekly Spot Gas National Avg. for the July 27-30 period jumped 13.5 cents to $1.755. Trading on Friday (July 31) was for gas delivered on Monday (Aug. 3). For…

July 31, 2020
Weekly Natural Gas Prices Struggle to Find Momentum

Weekly Natural Gas Prices Struggle to Find Momentum

Spot prices stumbled during the past week, with demand easing in Texas and markets in the West as temperatures moderated from the prior week amid bouts of rain and a slightly cooler weather pattern nationally. NGI’s Weekly Spot Gas National Avg. lost 6.5 cents to $1.620 for the July 20-24 period. Increased spread of the…

July 24, 2020
Weekly Natural Gas Prices Stumble as Heat Outlook Eases

Weekly Natural Gas Prices Stumble as Heat Outlook Eases

Spot natural gas prices sputtered slightly over the course of the past week, as forecasts turned modestly cooler. NGI’s Weekly Spot Gas National Avg. lost 4.5 cents to $1.685 for the July 13-17 trading period. While the heat outlook eased to start the week, losses were minimal as the week wore on with forecasters continuing…

July 17, 2020
Weekly Natural Gas Prices Post Solid Gains as Summer Temperatures Soar

Weekly Natural Gas Prices Post Solid Gains as Summer Temperatures Soar

Spot prices surged over the course of the week as robust heat stretched across the country, with highs reaching into the triple-digits over swaths of Texas and the Southwest. Strong cooling demand propelled weekly spot gas prices for the July 6-10 period. NGI’s Weekly Spot Gas National Avg. advanced 22.0 cents to $1.730. Though forecasts…

July 10, 2020
EIA Sees Ramp-Up of U.S. Natural Gas Exports to Mexico, Strengthening Waha Prices

EIA Sees Ramp-Up of U.S. Natural Gas Exports to Mexico, Strengthening Waha Prices

The United States Energy Information Agency (EIA) said in a note on Monday that it expects Mexico natural gas exports to rise quickly with the entry into operation of the Villa de Reyes-Aguascalientes-Guadalajara (VAG) pipeline. The 890 MMcf/d VAG pipeline is the final stretch of a system that runs from the Permian Basin in West…

July 6, 2020
With July 4 Weekend, Weekly Natural Gas Prices Give Up Modest Ground

With July 4 Weekend, Weekly Natural Gas Prices Give Up Modest Ground

Spot prices declined for the first week of July gas delivery as expectations for near-term cooling demand eased because of the long July 4 weekend — a holiday stretch typically defined by outdoor activities and reductions in manufacturing and air conditioner use. NGI’s Weekly Spot Gas National Avg. from trading Tuesday through Thursday for the…

July 2, 2020
Despite Headwinds, Summer Heat Props Up Weekly Natural Gas Prices

Despite Headwinds, Summer Heat Props Up Weekly Natural Gas Prices

Newly intensified coronavirus outbreaks threatened energy demand, but rising summer temperatures across much of the Lower 48 boosted cash prices for the June 22-26 period. NGI’s Weekly Spot Gas National Avg. for the June 22-26 period climbed 9.5 cents to $1.520. Stronger summer conditions took hold during the week – following a relatively mild stretch…

June 26, 2020
Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices

Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices

Rains and relatively mild temperatures across much of the eastern half of the Lower 48, along with festering fallout from the coronavirus pandemic, curbed weekly spot gas prices for the June 15-19 period.

June 19, 2020
Weekly Natural Gas Prices Rocky Amid LNG Worries, Elevated Inventories

Weekly Natural Gas Prices Rocky Amid LNG Worries, Elevated Inventories

Cooler near-term weather patterns in key regions and a storage injection that showed still-robust surpluses weighed on weekly spot gas prices for the June 8-12 period. NGI’s Weekly Spot Gas National Avg. declined 4.0 cents to $1.570.

June 12, 2020
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