Start A Commercial Utility Bill Audit Today! 

(855) 398-7200

Natural Gas Market Update-Week Ending February 3, 2016

February
9
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.

http://www.eia.gov/naturalgas/weekly/ 

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

Do You Have PPP Forgiveness Questions?

Are you concerned about your PPP loan not being forgiven? Are you confident in knowing all the steps you need to take to ensure loan forgiveness? Do you have lingering questions that your banker has not answered yet?  If you answered yes or even maybe to any of these questions, please join Electric Advisors, The Greater Bethesda Chamber of Commerce, and bankers from M&T Bank to learn what steps you need to take to have your MORE

Covid-19 and Electricity Usage

EIA expects 2020 summer U.S. electricity demand to be lowest since 2009 Source: U.S. Energy Information Administration, Short-Term Energy Outlook The U.S. Energy Information Administration (EIA) expects U.S. electricity demand to total 998 billion kilowatthours this summer (June through August), the lowest level of summer electricity consumption in the United States since 2009 and 5% less than last summer. EIA expects electricity consumption to be lower this year largely as a result of efforts to reduce the spread of COVID-19. MORE
Previous Posts
Are you concerned about your PPP loan not being forgiven? Are you confident in knowing MORE
EIA expects 2020 summer U.S. electricity demand to be lowest since 2009 Source: U.S. Energy Information Administration, Short-Term MORE
It's OK to hang up and dial the number on your utility invoice, as most MORE
Major coal-generating unit retirements in 2019 continue decade long trend towards reduced coal capacity   During the MORE
Categories
Archives

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} ^mydomain.com$ [NC] RewriteRule ^.*$ http://www.mydomain.com%{REQUEST_URI} [R=301,L]