Wednesday, October 3, 2012

Natural Gas Prices Rising

In case you missed it, natural gas prices have been rising over the past couple of weeks.  Versus two weeks ago, the Henry Hub spot price is up 18.5%, while the NYMEX HH futures price is up 21.9%.  There is no guarantee this will stick, but it's nice to see a little lift in gas prices.

The motivation seems to be the expectation of the arrival of cooler air in the next week to ten days with the underlying thought that this might lead to an early start to the storage withdrawal season.  Who knows, but forecasts I've seen generally point to a normal weather this year.

No comments: