Natural gas forward prices continued to plummet during the trading period from Dec. 29-Jan. 4, this time taking West Coast markets along for the ride lower, NGI’s Forward Look showed.

After bucking the down trend that began in the final week of 2022, West Coast markets led the price declines across the Lower 48 even as a bomb cyclone pummeled the region.

February fixed prices tumbled an average of $1.070 across the country, while March dropped 46.0 cents on average, according to Forward Look. Smaller losses were seen for the summer (April-October) and winter 2023-2024 (November-March) strips.

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