Volume 17, Issue 24 July 27, 2020
In this Issue
Editor's Note
Warm Weather and Mixed Prices
Weather
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Warm Weather and Mixed Prices
Weekly review for July 18 - July 24, 2020
 
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, July 17, 2020 was 3,215 BCF.  This was an increase of 37 BCF from the previous week and was in line with what the market was expecting.  Storage levels are 656 BCF (25.6%) higher than a year ago, and 436 BCF (15.7%) higher than the 5 year average for this date.  
 
The warmer temperatures we have experienced this month look to continue.  Both the 6-10 day and 8-14 day outlooks from the National Weather Service are predicting warmer than normal temperatures for the entire East Coast.
 
Prices were mixed this week for gas and power.  At the end of the week, the NYMEX natural gas 12-month strip was up 0.6%, while the PJM West Hub 12-month forward curve was down 0.5%. 
 
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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