Weekly natural gas cash prices gave up ground amid mild temperatures and light demand across much of the Lower 48.

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NGI’s Weekly Spot Gas National Avg. for the October 18-22 period shed 38.5 cents to $4.850. That followed a 34.5-cent drop the previous week.

Conditions were comfortable across most of the country for a majority of the trading week, particularly early on, with highs in the 70s as far north as the Dakotas and Minnesota on Monday and Tuesday.

Spot prices tumbled each of the first two trading days of the week, extending losses from the prior week, as widespread highs of 60s to 80s dampened demand.

Losses were also pronounced on the East and West coasts on Tuesday, with prices tumbling 50.0 cents or more at several locations that day. While cash regained some...