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US benchmark natural gas prices have stayed below $3 per MMBtu most of this year even as consumption has surged. Working gas stocks fell to 2,636 bcf in early September, well below last year and the five-year average.
Cooling demand and new gas-fired generation have been strong, but output growth has kept prices weak.
Low prices are encouraging more gas-fired power generation at the expense of coal, which supports gas demand. Tight storage could still lift prices later if winter demand is strong.
energynow.comSep 20, 2018Not enough comparable past events yet for a historical read.
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.
