Friday, November 13, 2009

Spot Price Over a Cliff!

The Henry Hub spot price for gas dropped 79 cents, or 24.5%, to $2.44 today.  That's a 46% drop since last Wednesday November 4!  I assume it is related to the storage figures released earlier today, but I've given up on trying to figure anything out these days.  The purple/blue/periwinkle line on the chart below shows the extreme price volatility for the past few months.  I need a drink.

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