Volume 18, Issue 10 November 15, 2021
In this Issue
Living a Greener LIfestyle
Editor's Note
Weather Stable, Prices Not
Weather
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Weather Stable, Prices Not
Week in review for November 7-13, 2021

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday November 5, 2021, was 3,618 Bcf. This was an increase of 7 Bcf from the previous week. Inventories are now 308 Bcf lower than the same time last year, and 119 Bcf below the 5-year average.   

For the week ending 11/11/2021, the 12-month NYMEX natural gas strip (Dec 21-Nov 22) was down 4.0% and the PJM Western Hub ATC (7X24) 12-month strip down 3.5%. Prices were down even further before rebounding ~3% on Veteran’s Day. At the time of this writing on 11/12/2021 prices are falling again, especially for the remainder of this winter. Prices have been very volatile, even as weather forecasts have been relatively stable and calling for near-normal weather. Any significant turn warmer or, especially, colder will likely cause significant price movements.

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