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

Natural Gas Storage

NGI’s Weekly Spot Gas National Avg. for the Sept. 20-24 period dropped 55.0 cents to $4.770.

Temperatures moderated throughout the Midwest, East and parts of the western United States during the week, leaving comfortable highs in the 70s and low 80s across large sections of the country and minimizing demand for gas to power air conditioners.

As the trading week drew to a close, major markets from Chicago to New York City to Boston enjoyed peak temperatures in the 70s. Prices followed suit. Chicago Citygate dropped 52.0 cents to $4.680, while Algonquin Citygate lost 92.0 cents to $4.350 and Columbia Gas fell 80.0 cents to $4.140.

Hampered by fading...