Today is last business/trading day of 2017 and to summarize the year: no surprises, stable pricing. A significant factor has been lack of “real winter temperatures” in the Northeast along with robust gas production. As we end 2017 and begin 2018 we’re experiencing direct opposite, specifically, “real winter temperatures” not seen since Jan-Feb-March 2014. There has been a jump in near-term gas and electricity pricing over recent days, a healthy reminder of what happens when real winter arrives. The length of current cold snap and where we’re at temperature wise come end of January will help clarify forward pricing trends.
We trust you had a wonderful Christmas. Again this Christmas, for us, it’s time to reflect on the true meaning of Christmas, the birth of Jesus, Savior of the world and His gift of salvation and eternal life through Him. How grateful we are for this gift.
Wishing all of you a happy, healthy and prosperous 2018.
NYMEX Henry Hub Natural Gas Wellhead Monthly Settlement Pricing.
