Volume 18, Issue 10 December 20, 2021
In this Issue
Stay Warm and Save This Winter
Editor's Note
Markets Calm Before the Holidays
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Markets Calm Before the Holidays
Week in review for December 12 18, 2021

Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday December 10, 2021, was 3,417 Bcf. This was a decrease of 88 Bcf from the previous week, slightly less than market expectations. Inventories are now 326 Bcf lower than this time last year, and 64 Bcf below the 5-year average.  

For the second week in a row the market was relatively calm, for the week ending 12/16/2021, the 12-month NYMEX natural gas strip (Jan-Dec 2022) was down 1.9% and the PJM Western Hub ATC (7X24) 12-month strip was up 2.8%. Looking ahead, 2023-2025 continue to trade at a discount to 2022.

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