NGI Weekly Gas Price Index

Weekly natural gas trading for the week ended June 10 wasn’t quite able to match the plump gains of the week before, but put in a fair showing nonetheless. The NGI Weekly Spot Gas Average rose a nickel to $2.11, but points outside the East, Rockies and California were about a dime higher.

It was off to the races for weekly gas quotes for the week ended June 3. Not one point followed by NGI fell into the loss column and most points were up 20-30 cents or more.

Although it was a little like watching paint dry, for the week ending May 27 national prices on average took a break from the previous week’s 14-cent plunge and managed to add a penny. At most points prices moved little in either direction and the NGI Weekly Spot Gas Average rose a penny to $1.74.

It was a week not made for the bulls as only a single actively traded market point was able to escape the scythe of selling with many market points into the red by double digits.

Physical natural gas trading was a mixed bag for the week ending May 13 as most of the country’s pricing points enjoyed gains from a couple of pennies to a little more than a nickel, with the exception of points in the Midwest and Northeast, where declines ruled. The divided nation resulted in NGI’s National Spot Gas Average for the week standing pat at $1.87.

Physical natural gas trading was a mixed bag for the week ending May 13 as most of the country’s pricing points enjoyed gains from a couple of pennies to a little more than a nickel, with the exception of points in the Midwest and Northeast, where declines ruled. The divided nation resulted in NGI’s National Spot Gas Average for the week standing pat at $1.87.

If futures remain true to their role as a leading indicator, natgas cash next week may have something of an uphill battle. That was not the case for the week ended May 6, however, as most points gained ground and the few that slipped into the loss column were mostly off by a penny or two.

If futures remain true to their role as a leading indicator, natgas cash next week may have something of an uphill battle. That was not the case for the week ended May 6, however, as most points gained ground and the few that slipped into the loss column were mostly off by a penny or two.

Natural gas traded April 25-28 for gas flow Tuesday through Saturday was mostly a game of small gains during shoulder season trading, however, trading could heat up in the new week following news Friday of a massive explosion and fire on a portion of Spectra Energy Corp.’s Texas Eastern (Tetco) pipeline in Westmoreland County, PA, about 30 miles east of Pittsburgh.