NGI Weekly Gas Price Index

What a week – and what a year – it has been for the natural gas market. During the final three days of trading for 2022 gas delivery, spot prices fizzled in grand fashion following spikes induced by Winter Storm Elliott. Losses were widespread and sent some U.S. locations back below $3.00/MMBtu, with NGI’s Weekly…

As temperatures plunged across the Lower 48 – well below zero in northern markets — weekly natural gas cash prices spiked. NGI’s Weekly Spot Gas National Avg. for the Dec. 19-23 trading period advanced $2.050 to $13.695.   Conditions during the latest week were defined by frigid air and blizzards – driving heating demand and slowing…

Natural gas prices exploded higher during the Dec. 12-16 trading period amid the first intimidating cold blast to hit the Lower 48 since the start of winter. With production curtailments to boot because of wellhead freeze-offs, NGI’s Spot Gas National Avg. jumped $4.070 to $11.645. Natural gas futures ended the week in positive territory –…

Monstrous increases throughout the western United States overshadowed a general softening in natural gas prices throughout the Dec. 5-9 trading week. As cash prices surged to $55.00/MMBtu in California, the Desert Southwest and the Rockies, NGI’s Spot Gas National Avg. jumped 39.5 cents to $7.575. Nymex natural gas futures took a back seat to the…

After a stretch of widespread cold, warming weather in some parts of the United States but a lingering chill in others led to a mix of gains and losses for natural gas spot prices during the three-day Nov. 30-Dec. 2 trading period. NGI’s Weekly Spot Gas National Avg. ultimately climbed 39.5 cents to $7.180. Natural…

Weekly natural gas cash prices gained ground amid seasonally strong demand in the West and another anticipated round of frigid temperatures in the region during the week ahead. NGI’s Weekly Spot Gas National Avg. for the holiday-abbreviated Nov. 21-23 period gained 40.5 cents to $6.785. It marked the third consecutive weekly advance for cash markets.…

Weekly natural gas cash prices cruised ahead as bitter cold temperatures canvassed the Lower 48 and fueled robust heating demand. Freezing temperatures also slowed production activity, adding a bullish undercurrent and helping power the spot market to a second consecutive weekly gain. NGI’s Weekly Spot Gas National Avg. for the Nov. 14-18 period jumped $2.175…

Prices in the physical market catapulted higher Monday amid forecasts for widespread bitter cold by the weekend, then gave up ground the next two days amid benign near-term conditions, and then surged back ahead once again after freezing air advanced into the Midwest on Thursday to cap a holiday-abbreviated trading week. NGI’s Weekly Spot Gas…

Weekly natural gas cash prices ultimately gave up ground amid near-term mild temperatures and light heating demand, which culminated a choppy slog of trading marked by wavering weather forecasts, a stout storage injection and a cloud of recession fears that threatened to darken. NGI’s Weekly Spot Gas National Avg. for the Oct. 31-Nov. 4 period…