Spot gas prices tumbled through the Aug. 1-5 trading week as stronger production figures countered sweltering heat across most of the country. With thunderstorms rolling through the Midwest, and cooler weather expected in some regions by the weekend, NGI’s Weekly Spot Gas National Avg. fell 63.5 cents to $8.020/MMBtu.

Storage Report

Nymex futures also ended the week lower even as bulls pounced on Freeport LNG’s announcement that it would return all three liquefaction trains to operation in October. After digesting the liquefied natural gas export facility’s return, and with loosening in the latest government inventory data, the September Nymex contract settled Friday at $8.064, off 21.9 cents from Monday’s close.

The steep losses recorded in cash markets in the first week of August...