Volume 17, Issue 34 October 19, 2020
In this Issue
Editor's Note
Gas Price Relatively Low, for Spring 2022 and Beyond
Weather
Washington, D.C. Area Cooling/Heating Degree Days
Editor's Note
Gas Price Relatively Low, for Spring 2022 and Beyond
Weekly review for October 11 October 17, 2020
 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, October 9, 2020 was 3,877 BCF.  This was an increase of 46 BCF from the previous week. Inventories are now 388 BCF higher than last year at this time, 353 BCF above the 5-year average as well as above the previous 5-year high.

This week the NYMEX natural gas 12-month strip (Nov20-Oct21) was up 3.7%.  This is the highest this strip has been in 4 years.  However, prices further out, for Starting April 2022 and extending through 2024, are below where they were last year at this time and remain relatively close to their lows. The PJM Western Hub 12-month strip was up 1.5%.
 
 
 
This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions.