Weekly natural gas prices fell at a majority of locations during the Thanksgiving holiday-shortened week as the easing of maintenance in Texas loosened supply to the west and the coming return of wintery weather was not in time to lift prices beyond the eastern regions.

NGI’s Weekly Spot Gas National Avg. for the Nov. 20-22 period fell 2.0 cents to $2.850. The trading week was cut short to three days by the holiday.

Prices surged on Monday in West Texas, with some hubs rebounding from negative traded levels. Maintenance was scheduled to ramp down on the Gulf Coast Express (GCX) system, while early commissioning of flows on the Permian Highway Pipeline LLC (PHP) had analysts watching for extra supply of Permian Basin gas westward.

On Tuesday, South Texas next-day prices led...