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Author Topic: U.S. Natural Gas Heads for Second Monthly Drop as Supplies Rise Back to Topics
Sanpoil

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Spokane

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Message Posted: Jun 28, 2013 8:14:38 AM

U.S. natural gas traded near a four-month low, heading for a second straight month of declines, after a larger-than-expected jump in supplies yesterday drove prices to the biggest retreat in three weeks.

Futures swung between gains and losses, with volume about 55 percent below the 100-day average. The Energy Information Administration in Washington said yesterday inventories rose 95 billion cubic feet in the week ended June 21 to 2.533 trillion cubic feet. Analysts expected a gain of 90 billion, according to forecasts compiled by Bloomberg.

The “inventory report is a reflection of the fact that we have very sluggish demand picture right now,” Dominick Chirichella, senior partner at the Energy Management Institute in New York, said yesterday. “I don’t see a significant call on natural ga
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Jeff4U
Champion Author Atlanta

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Message Posted: Jun 28, 2013 4:14:04 PM

Natural gas prices SHOULD drop, considering it was only $1.90 in April of 2012 and is now at $3.58 ($ / million BTUs)
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BBF_PFS
Champion Author Washington

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Points:472,920
Joined:Jan 2013
Message Posted: Jun 28, 2013 10:21:08 AM

It's up it's down bla bla bla. When are the lower prices going to make it to the consumers?
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mastermariner
Champion Author Texas

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Message Posted: Jun 28, 2013 9:57:20 AM

The trend is up
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humblepie
Champion Author Toledo

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Message Posted: Jun 28, 2013 9:19:10 AM

never gonna happen to oil, well at least for four more years anyway
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bills299
Champion Author Atlanta

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Message Posted: Jun 28, 2013 9:02:28 AM

Too bad we don't see it on our bills!
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Infidels
All-Star Author Alberta

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Joined:Apr 2013
Message Posted: Jun 28, 2013 8:57:53 AM

When will the consumer see the savings. My rates aren't dropping
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335d1
Champion Author Virginia

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Message Posted: Jun 28, 2013 8:49:29 AM

Good.
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TXRanger09
Champion Author Dallas

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Message Posted: Jun 28, 2013 8:45:01 AM

I'm using as much as I can! (AC unit is thirsty)
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Eagle3236
Champion Author Missouri

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Message Posted: Jun 28, 2013 8:42:28 AM

Will be interesting to see what it does this winter!
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Winatgas
Champion Author Kentucky

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Message Posted: Jun 28, 2013 8:32:38 AM

Could have fooled me - Columbia Gas raised their rates from $4.2/mcf to $5.14/mcf for July. Must be getting ready for winter...
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