Volume 18, Issue 10 May 10, 2021
In this Issue
Editor's Note
Cold May Forecast Does Little to Prices
Weather
Washington, D.C. Area Cooling/Heating Degree Days
Editor's Note
Cold May Forecast Does Little to Prices
Week in review for May 2 May 8, 2021

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday April 30, 2021 was 1,958 BCF.  This was an increase of 60 BCF from the previous week, in line with market expectations. Inventories are now 345 BCF lower than last year at this time, and 61 BCF below the 5-year average.

Forward energy markets were up this week. The NYMEX natural gas 12-month strip (Jun21-May22) ended up 0.7% and the PJM Western Hub ATC (7X24) 12-month strip was up 1.9%.  The markets were relatively tame despite a cold forecast through May 15 for the East Coast.