The natural gas storage report from the EIA for the week ending April 30th indicated that the amount of natural gas held in underground storage in the US rose by 60 billion cubic feet to 1,958 billion cubic feet by the end of the week, which left our gas supplies 345 billion cubic feet, or 15.0% below the 2,303 billion cubic feet that were in storage on April 30th of last year, and 61 billion cubic feet, or 3.0% below the five-year average of 2,019 billion cubic feet of natural gas that have been in storage as of the 30th of April in recent years..the 60 billion cubic feet that were added to US natural gas storage this week was more than the average forecast of a 51 billion cubic foot addition from an S&P Global Platts survey of analysts, but was well below the average addition of 81 billion cubic feet of natural gas that have typically been injected into natural gas storage during the same week over the past 5 years, as well as well below the 103 billion cubic feet added to natural
Milder Weather, Returning Supply Pave Way for More Natural Gas Price Declines
Natural gas futures continue to retreat on post-storm recovery
Production, LNG still well off pre-freeze levels
Cash prices fall further; most locations back below $3
Natural gas futures crashed on Monday as production appeared to be making a quick recovery from the unrivaled Arctic blast that rocked the energy industry last week. Warming weather models also provided a headwind to prices, with the March Nymex gas futures contract tumbling 11.6 cents to settle at $2.953. April slid only 5.5 cents to $2.936.
Spot gas prices continued to fall too on the much milder weather that settled in over much of the Lower 48. NGI’s Spot Gas National Avg. dropped $1.605 to $2.870.
Print article In a letter on Dec. 1, Frank Rast suggested that the Municipality of Anchorage sell the Egan Center to the Native Village of Eklutna to make the property a reservation so they could open a casino downtown. We hope his suggestion was in jest, but on the chance it was not, the Anchorage Chapter of the Alaska Peace Officers Association, or APOA, Board of Directors would like to say that we believe there is nothing wrong with the status quo of charitable gaming in Alaska. Those who wish to play games of chance are afforded that opportunity in a regulated environment that is absent the noise level, volume of alcohol consumption, and higher stakes. The availability of gambling has always been alluring for some, and often it is those who can least afford it that are prone to lose the most. When the stakes are higher, the damage is greater to those who can ill afford the losses.