Volume 18, Issue 10 August 30, 2021
In this Issue
Reducing Impact with Electric Vehicles?
Editor's Note
2023 Moving Towards 2022?
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
2023 Moving Towards 2022?
Week in review for August 22 28, 2021

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday August 20, 2021 was 2,851 BCF.  This was an increase of 29 BCF from the previous week, lower than market expectations.  Inventories are now 563 BCF lower than last year at this time, and 189 BCF below the 5-year average.

Aided by hot weather and the bullish storage report, near-term prices jumped, with the 12-month NYMEX natural gas strip (Sept 21-Aug 22) up 6.8% and the PJM Western Hub ATC (7X24) 12-month strip up 4.8%.  Prices for 2022 are at a large premium to further out in the curve, but 2023 is starting to run up, especially for gas, distancing itself from 2024 & 2025.


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