Slammed by a lack of winter weather set against a robust supply backdrop, regional natural gas forwards fell sharply across the Lower 48 during the Feb. 8-14 trading period, NGI’s Forward Look data show.

Henry Hub fixed prices for March delivery took a 35.6-cent nosedive week/week to exit the period at $1.620/MMBtu. The benchmark saw double-digit losses across the 2024 strip over the past week, showing bearish sentiment spilling past the winter months that have been hampered by underperforming weather-driven demand.

New England premiums were hit particularly hard, not just for March 2024 but also for Winter 2024/25.

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