We continue to write same basic message – there’s plenty of natural gas both in storage and “on the pipelines” resulting in stable, lower pricing (attachment makes this clear). Locking in your gas supply price for two or three years is a “must do” in most utilities here in New York state. If you’re not […]
July 2015 Electricity & Natural Gas Update
Wishing all of you an enjoyable Fourth of July holiday. Per the attached you’ll note NYMEX natural gas futures virtually unchanged over last 90 days — we’ve had a few small price spikes along the way however, things always settle down due to robust production and fact that we’re running a supply surplus year-on-year. Current […]
June 2015 Electricity and Natural Gas Update
You’ll note virtually unchanged pricing since April 30th. First things first, below is latest information on gas in storage, per U.S. Energy Information Administration: NYMEX Henry Hub Natural Gas Wellhead Monthly Settlement Pricing To the point, there is plenty of gas, weekly injections are strong and come November 1st the amount of gas in storage […]
May 2015 Electricity & Natural Gas Update
Per the attached you’ll note virtually unchanged natural gas futures pricing during month of April. Robust gas production continues, keeping prices in check. Moving forward, it’s all about summer temperatures – if upcoming forecasts call for warmer-than-normal temperatures we could see higher pricing. Conversely, if normal or cooler-than-normal temperatures are forecast we may see lower […]
Happy Easter and April Pricing Updates
Winter is behind us, natural gas inventory in the Northeast is lower when compared with 5-year average for this time of year, higher when compared with last year’s inventory. My thoughts are simple, straightforward – lock in both gas and electricity rates now if you’re not currently locked in. Natural gas should be locked in […]
Our February 2015 Natural Gas/Electricity Update
Ample supply continues to drive natural gas pricing lower. Much of the nation is experiencing normal to above normal temperatures and this is driving the market lower. Failure of weather models to perform as predicted (not as cold) is causing traders to pull back on buying, resulting in stable-to-lower pricing. Look at the calendar, winter […]
Happy 2015 and our Natural Gas/Electricity Update
Suddenly we realized we never wished all of you “Happy New Year.” We apologize, please accept at this time, all the best in 2015. Worldwide oil price drop applies to natural gas as well, biggest factors for gas being lack of sustained cold here in the Great Overtaxed Northeast along with continued robust production. There […]
Merry Christmas and our Natural Gas/Electricity Update
Attached gas futures pricing shows result of warm December weather — lower pricing. Warm weather combined with drop in worldwide oil prices has produced pricing far different from what we were experiencing last year at this time when we were in the grips of sustained cold. Will this continue? Winter has yet to show up […]
Winter is here…
Winter is here and natural gas futures pricing is stable, as confirmed by the attached. Gas in storage for the winter heating season is adequate, however gas in storage today here in the Great Overtaxed Northeast (which is largest consuming region) is down 4% over last year and 9% lower than five-year average. Anticipate that […]
November 7, 2014 Updates
You will note higher natural gas futures pricing since I last contacted you on October 24th. The natural gas market is being driven by recent shots of cold air in the Midwest and Great Overtaxed Northeast — along with predictions of colder shots next week. This is typical early-November, pre-winter market activity. Gas in storage […]