Steady Cooling Demand Propels Double-Digit Gain in Weekly Natural Gas Cash Prices
Weekly natural gas cash prices forged ahead as heat radiated across much of the Lower 48, keeping air conditioners humming.
NGI’s Weekly Spot Gas National Avg. for the July 12-16 period advanced 10.5 cents to $3.615.
Demand was fueled during the week by hot upper high pressure that held over the East most of the week with highs of mid-80s to 90s. It was also hot over the West, Texas and the Plains, with highs ranging from the 90s to 110s, NatGasWeather said.
A weather system lingered over the Great Lakes and Ohio Valley with showers and highs of 70s to 80s, for locally lighter demand, but it was not enough to curb national momentum.
Natural Gas Futures, Spot Prices Sputter as Demand Eases - Natural Gas Intelligence
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Mexico Natural Gas Market Spotlight: Sur de Texas-Tuxpan Pipeline Poised to Become Main Import Option
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