Customary volatility in the Northeast – punctuated by steep drops on a Tuesday defined by a lull in weather-driven demand – pushed weekly cash prices lower despite an active storm period.

EIA storage march 12

NGI’s Weekly Spot Gas National Avg. for the March 15-19 period fell 9.0 cents to $2.420.

A heavy dose of winter dropped several inches of snow across the Rocky Mountain region and the northern Plains to start the week, and as that system pushed east on Monday, prices in the Northeast climbed to start the trading week. But as the storm conditions faded and temperatures climbed, demand declined and prices plummeted in the region.

Next-day prices at several key Northeast hubs sunk nearly $2.000 on Tuesday, dragging down the national average for the day by 14.5 cents. Combined with...