Volume 17, Issue 27 August 17, 2020
In this Issue
Editor's Note
Another Week of Warmer Weather and Rising Prices
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Another Week of Warmer Weather and Rising Prices
Weekly review for August 8 - 14, 2020
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, August 7, 2020 was 3,332 BCF.  This was an increase of 58 BCF from the previous week and was in line with what the market was expecting.  Storage levels are 608 BCF (22.3%) higher than a year ago, and 443 BCF (15.3%) higher than the 5-year average for this date.
August has continued the trend of warmer than normal weather for our region.  Cooling Degree Days (CDDs) as measured at Washington Reagan International Airport have been 5% warmer than the 10-year average for the first 10 days of August.  This follows July CDDs that were 12% warmer than the 10-year average.
Prices were higher this week for both gas and power.  At the end of the week, the NYMEX natural gas 12-month strip was up 0.9%, while the PJM West Hub 12-month forward curve was up 0.6%.  
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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