Call and Lock In Your Lower Rate Today! 

(855) 398-7200

Natural Gas Market Update-Week Ending February 3, 2016


Natural Gas Weekly Update  Source: EIA (For week ending February 3, 2016 Release Date:  February 4, 2016 )  

• Natural gas prices decline. Temperatures were significantly warmer this report week across most of the country, and natural gas prices fell at most locations across the country.

• Northeast prices fall. Prices in the New York and Boston areas generally trade at a premium of several dollars per MMBtu above the Henry Hub spot price in times of high consumption, but tend to trade below this national benchmark in times of milder weather.

• Nymex prices fall. The price of the Nymex March 2016 contract fell from $2.189/MMBtu last Wednesday to $2.038/MMBtu yesterday.

• Production rises. Dry natural gas production rose 0.8% week over week and is 0.5% greater than the same week last year, according to Bentek data.

• Withdrawals from storage are smaller than average but greater than last year. Net withdrawals from working gas totaled 152 Bcf, falling 8% below the the 5-year (2011–15) average net withdrawal of 165 Bcf. • Withdrawals from working gas are within market expectations. Market analysts predicted working gas draws totaling 154 Bcf for the week, on average.

• Temperatures are warmer than normal during the storage week. Temperatures for the storage report week averaged just less than 36°F, about 3°F above the normal level for this time of year and 2°F below the level reported last year at this time. 

TagsNatural Gas, maryland, district of columbia, dc, electricity rates

Previous Posts
100% Renewable For Your Home! Self Enrollment Portal   Electric Advisors has teamed up with WGL Energy to MORE
Fall Electricity Savings for Pepco Maryland’s Small Business Rate Payers!             MORE
Natural gas markets continue to trade near their 12 month lows. We see this impacting MORE
Original story published here SOLSYSTEMS Any day now, the Department of Energy should be releasing the MORE

Start Saving

It doesn't matter whether you have a small office condo with an electric and gas bill, or you manage multiple apartment complexes across the United States. It has never been easier to get pricing. Within a few minutes of recieving your one complete utility bill, we will be back to you with options for your consideration. 

Find Your Utility Bills & Get Started

RewriteEngine On # This line may already exist # Rewrite all requests to the 'www' version RewriteCond %{HTTP_HOST} ^$ [NC] RewriteRule ^.*${REQUEST_URI} [R=301,L]