NGI Weekly Gas Price Index

For the holiday shortened week ending Thursday, both physical and futures markets had the trajectory of a safe falling from a ten-story building. Declines were deep and pervasive and only a handful of market points were in positive territory. For the three-day trading week ended May 28, theNGI Weekly Spot Gas Average fell 17 cents to $2.54, and no region made it to the positive side of the trading ledger.

For the holiday shortened week ending Thursday, both physical and futures markets had the trajectory of a safe falling from a ten-story building. Declines were deep and pervasive and only a handful of market points were in positive territory. For the three-day trading week ended May 28, theNGI Weekly Spot Gas Average fell 17 cents to $2.54, and no region made it to the positive side of the trading ledger.

Natural gas cash and futures markets parted ways in weekly trading for the week ended May 22. If the futures are viewed as a leading indicator for the physical market, the outlook does not look good for physical market bulls. TheNGIWeekly Spot Gas Average managed a gain of 6 cents to $2.71, but June futures skidded nearly 13 cents to $2.887 and failed to hold key technical objectives.

Natural gas cash and futures markets parted ways in weekly trading for the week ended May 22. If the futures are viewed as a leading indicator for the physical market, the outlook does not look good for physical market bulls. The NGI Weekly Spot Gas Average managed a gain of 6 cents to $2.71, but June futures skidded nearly 13 cents to $2.887 and failed to hold key technical objectives.

Trading figures for the week ended May 18 were not quite as illustrious as those of the previous week, but solid double-digit gains were the rule at most all market points outside the Northeast. The NGI Weekly Spot Gas Average added 9 cents to $2.65, only 8 market points posted losses and these were all in the Northeast.

Trading figures for the week ended May 18 were not quite as illustrious as those of the previous week, but solid double-digit gains were the rule at most all market points outside the Northeast. The NGI Weekly Spot Gas Average added 9 cents to $2.65, only 8 market points posted losses and these were all in the Northeast.

The week saw a solid natural gas market performance with most points adding at least a dime and solid double-digit gains widespread. For the week ending May 8, the NGI Weekly Spot Gas Average rose 17 cents to $2.56. May bidweek buyers who did basis deals off the Nymex not only had the gains of last week to enjoy, but any baseload gas offered onto the spot market this week enjoyed further gains.

The week saw a solid natural gas market performance with most points adding at least a dime and solid double-digit gains widespread. For the week ending May 8, the NGI Weekly Spot Gas Average rose 17 cents to $2.56. May bidweek buyers who did basis deals off the Nymex not only had the gains of last week to enjoy, but any baseload gas offered onto the spot market this week enjoyed further gains.

The abbreviated Thursday-Friday physical trading week overall didn’t see much price movement as the NGI Weekly Spot Gas Average rose just a penny to $2.39, but there was plenty of activity to go around. With the exception of the Northeast and Midwest, prices rose anywhere from a nickel to a dime.