Volume 15, Issue 86 October 29, 2018
In this Issue
The Ups and Downs of Natural Gas Prices
Editor's Note
Prices Mixed this Week as the Injection Season Comes to an End
Upcoming Events
Find Us at These Upcoming Events
Weather
Local Cooling Degree Days*
Our Wind Power Partners

Visit here for a full list of WGL Energy Wind Power Partners.

 
To find out more about a green power purchase for your organization,
visit: wglenergy.com/commercialgreen

Connect with us here:



 

 

For more information, contact your WGL Energy business development manager or lgc@wglenergy.com.
Editor's Note
Prices Mixed this Week as the Injection Season Comes to an End
Week in review for October 20 - October 26, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, October 19, 2018, was 3,095 BCF.  This was an increase of 58 BCF from the previous week, and was larger than what the market was expecting.  Inventories are still substantially lower than the year ago levels (by 606 BCF or 16.4%) and the five-year average (by 624 BCF or 16.8%).  

After a warmer than normal summer, October’s temperatures in our region (as measured at Washington Reagan National Airport) have been a mixed bag.  For the first 11 days of the month, zero Heating Degree Days (HDDs) had occurred (compared to the 30-year average of approximately 45 HDDs).  From October 12th through 25th, there were approximately 129 HDDs (compared to the 30-year average of approximately 99 HDDs).  With current projections, we expect total October HDDs to be close to the 30-year average of 207 HDDs.  However, the National Weather Service is predicting a warmer than normal start to November for the entire East Coast, based on their most recent 8-14 day temperature outlook.  

Prices were mixed this week.  The PJM West Hub 12-month forward curve was up 0.1% this week, while the NYMEX natural gas 12-month strip was down 1.9%.  Stay tuned as we enter the winter heating 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.

Share Share This Article Share Share Share
spacer spacer
Print This Article Print This Issue
Print This Article Print This Article
spacer spacer
Previous Article Previous Article
Next Article Next Article
Return to Top Return to Top
spacer spacer
WGL Energy Home  |  Forward to a Friend  |  Plain Text Version  |  Past Issues
About WGL Energy
WGL Energy delivers a full spectrum of energy offerings, including electricity, natural gas, renewable energy, carbon reduction, distributed generation and energy efficiency provided by WGL Energy Services, Inc. and WGL Energy Systems, Inc.

WGL Energy strives to provide concise and accurate information from dependable sources for information contained in this report. Nevertheless, WGL Energy does not warrant the authenticity of such information. This report is not intended to serve as a trading tool for customers or for potential customers. If you would like to like to receive this information via email, please send your request to lgc@wglenergy.com.

To ensure delivery of the ENERGY UPDATE, please add lgc@wglenergy.com to your email address book or Safe Sender List. If you are still having problems receiving our communications, see our white-listing page for more details.

© WGL Holdings, Inc.
WGL Energy, 8614 Westwood Center Drive, Suite 1200, Vienna, VA 22182-2260 (USA)