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An energy economist at the University of Maryland's Smith School says U.S. natural gas futures, around $4.50 versus $3.50 over the summer, are poised to lift household utility bills by roughly 15% in the next year. Storage is at a 15-year low, 16% below year-earlier levels, after a cold previous winter.
Consumer effects could appear as early as April because of production lags.
Persistently high gas prices and low storage raise energy costs across the supply chain, including processing and transport for feed ingredients. The outlook points to continued upward pressure on energy-linked input costs into 2019.
rhsmith.umd.eduNov 21, 2018After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
