Volume 15, Issue 67 June 4, 2018
In this Issue
Energy Answers for Local Businesses
Editor's Note
Prices Unchanged
Weather
Local Cooling Degree Days*
Our Wind Power Partners

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Editor's Note
Prices Unchanged
Weekly review for May 26 - June 1, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, May 25, 2018 was 1,725 BCF. This was an increase of 96 BCF from the previous week, and was less than what the market was expecting. Inventories are still substantially lower than the year ago levels (by 31.4%) and the five-year average (by 22.5%).  

After a much colder than normal April, weather in our region for the month of May was much warmer than normal.  Cooling Degree Days at Washington Reagan National Airport were 99.7% higher than the 30-year average. More warmer than normal weather appears to be coming, with the National Weather Service 8-14 day temperature outlook showing a higher probability of warmer than normal temperatures for our region.

Prices were mixed this week, and ultimately close to unchanged. The PJM West Hub 12-month forward curve rose 0.2% this week, while the NYMEX natural gas 12-month strip was down 0.5%.

Stay tuned as we navigate the summer injection season.

 

This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions.

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