Volume 18, Issue 10 March 7, 2022
In this Issue
Greener Cleanups
Editor's Note
Prices Down Then up for the Week
Weather
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Prices Down Then up for the Week
Week in review for February 27-March 5, 2022
Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday February 25, 2022, was 1,643 Bcf. This was a decrease of 139 BCF from the previous week, in line with market expectations. Inventories are now 216 Bcf lower than last year this time last year and 255 Bcf below the 5-year average, close to the 5-year minimum.  

Despite continued data indicating high inflation rates in the U.S. and global commodity price spikes due to the Russian invasion of Ukraine, U.S. forward energy markets had fallen 3-5% earlier in the week, though did rebound to end up for the week. The 12-month NYMEX natural gas strip (Apr22-Mar23) was up 1.1% and the 12-month PJM STD 7x24 up 3.0% for the week ending 3/3/2022.

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