Weekly natural gas cash prices dropped again – as they have each week in September – in the wake of demand destruction imposed by Hurricane Ian in the Southeast along with benign weather across most other regions of the Lower 48.

NGI’s Weekly Spot Gas National Avg. for the Sept. 26-29 trading period for delivery through Sept. 30 shed $1.175 to $5.310/MMBtu.

Mild weather canvassed most of the northern United States throughout the week, easing demand, and Ian punctuated the pressure on prices when it pummeled Florida’s western coast on Wednesday. The storm then drenched central Florida on Thursday before moving up the East Coast on Friday, bringing torrential rains, storm surges and powerful winds that caused widespread power outages and diminished natural gas...