Weekly natural gas cash prices gave up ground amid mild temperatures and light heating demand across much of the Lower 48 at the start of the week. Spot prices dropped more than 25 cents on Monday and could not make up the deficit despite gains later in the week.

EIA storage March 5

NGI’s Weekly Spot Gas National Avg. for the March 8-12 period fell 43.5 cents to $2.510.

On Monday, cash prices were down across nearly every region. They were led lower by plunging prices in response to rising temperatures in the Northeast, where several hubs dropped $1.600 or more.

Complications on the pipeline front added to the price action. Algonquin Gas Transmission on Monday reported a problem with its Burrillville, RI, compressor station that required it to take down a compressor unit for two days. The...