Weekly natural gas cash prices fell again amid benign shoulder season weather and stout supplies.

NGI’s Weekly Spot Gas National Avg. for the May 8-12 period slumped 15.0 cents to $1.715. The average dropped 30.0 cents the prior week.

Production pulled back early in the week amid maintenance events and wildfires in western Canada. But it recovered by midweek and held close to recent highs. Weather-driven demand proved modest and was projected to remain light. Supplies in storage, meanwhile, far exceeded historic averages, leaving traders with little motivation to bid up next-day cash prices.

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