Though spot natural gas prices started to fall from record highs at the end of last week, losses continued in the final week of February as much milder weather emerged. NGI’s Weekly Spot Gas National Avg., which covered the trading period from Feb. 22-25, plummeted $30.940 week/week to $2.740.

EIA storage Feb 19

Days after temperatures plunged into the single digits as far south as the Gulf Coast, daytime temperatures this week soared to near 80 and likely led some to flip the heat to A/C to stay cool. Elsewhere, cool conditions blanketed the northern and central United States late in the week, though high pressure was forecast to build across the central, southern, and eastern parts of the country this weekend for a return to light national demand.

The quick return to a more seasonal weather...