NGI Weekly Gas Price Index

Physical natural gas trading for the week ended Aug. 11 was a tale of two stories, as Northeastern, Appalachian and Californian price points were predominantly in the red on moderating temperatures and pipe constraints, while the rest of the country’s locations inched higher from a couple of pennies to nearly a dime.

There was both good news and bad news for the bulls in weekly physical natural gas trading during the week ended August 4. The bad news was that the market still continued to deteriorate with theNGI Weekly National Spot Gas Average losing 4 cents to $2.62, but the good news is that it fell far less than the previous week’s pounding, which took the market down 22 cents to $2.66.

Of all the points followed byNGI,only six traded in positive territory for the week ended July 28. The market failed to build on the 14-cent rally from the week before, and theNGI Weekly National Spot Gas Average dropped 22 cents to $2.66.

Nearly all U.S. points gained ground for the week ended July 21 and most points posted gains well into double digits. Gains at Northeast points were most impressive, with some points adding close to a $1.

Weekly spot natural gas trading reverted to a more traditional warmth-driven format for the week ending July 14. Prices rose at most market points with only a few western and California prices falling into the loss column, and theNGIWeekly Spot Gas Average added 9 cents to $2.74.

For the holiday-abbreviated Wednesday-Friday natural gas trading week weather factors kept traders on their toes as searing heat in California lifted prices, but broader declines throughout the rest of the nation dampened market hopes that weather-driven gains would be in full swing by now.

For the shortened week of trading ended Thursday quotes were something of a mixed bag with little overall change, but significant differences arose between producing zones and market zones in the Northeast and California.

Natural gas bulls were roaming East Coast and West Coast market zones in weekly trading, but Midwest market zones and most producing regions were squarely in the hands of the bears.

Weekly natural gas trading elected to mark time for the week ended June 16 as few points traded much beyond a penny or two from levels posted the week earlier. TheNGIWeekly Spot Gas Average was unchanged at $2.70.