Volume 16, Issue 7 March 4, 2019
In this Issue
Visit Us for Energy Answers in Ocean City and Pittsburgh This Week
Editor's Note
Natural Gas Prices Rise
Energy Management
Sustainability Strategies for Small Businesses
Our Locations
WGL Energy Opens Office in Philadelphia
Weather
Local Heating 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

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For more information, contact your WGL Energy business development manager or lgc@wglenergy.com.
Editor's Note
Natural Gas Prices Rise
Weekly review for February 23 - March 2, 2019

 

On Friday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday February 22, 2019 was 1,539 BCF. This was a decrease of 166 BCF from the previous week, below market expectations. Inventories are now 154 BCF lower than last year at this time, 424 below the 5-year average.

This week the NYMEX natural gas 12-month strip (Apr 19 - Mar 20) was up 2.6% on forecasts for a cold first two weeks of March. Other than prices for March 2019, which settled this week, PJM West Hub prices were basically flat with the Apr 19 - Mar 20 strip up only 0.4%.

 

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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