Volume 18, Issue 10 December 13, 2021
In this Issue
Go Green While on The Go
Editor's Note
Prices Retreat on Warm Forecasts
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Prices Retreat on Warm Forecasts
Week in review for December 5 11, 2021

Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday December 3, 2021, was 3,505 Bcf. This was a decrease of 59 BCF from the previous week, slightly more than market expectations. Inventories are now 356 Bcf lower than last year and 90 Bcf below the 5-year average.  

In relative calm after last week’s steep sell-off, for the week ending 12/9/2021, the 12-month NYMEX natural gas strip (Jan-Dec 2022) was down 1.4% and the PJM Western Hub ATC (7X24) 12-month strip was down 4.4%. 2023-2025 continue to trade at a discount to 2022 however, that spread has decrease substantially in recent weeks as the front of the curve has decreased, led downward by prices for this winter, with relatively small changes in the out years.

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