Natural gas futures remain at much lower levels than six months ago, warm winter weather is the main reason. Market is down. It is time to look at locking in long term natural gas rates and in some instances electricity, too. My advice remains the same as six weeks ago – lock in for the long term, […]
Electricity and Natural Gas Update – February 2023
Warmer than normal winter weather is responsible for significant drop in natural gas futures pricing. Upon review of attached you’ll note big drop in futures pricing, during the month of January we experienced the biggest monthly drop in 22 years. Natural gas production continues to be strong, longer term forecasts continue to call for warmer […]
Christmas Greetings and Electricity and Natural Gas Update – End of 2022
Per the attached below, you will note a significant drop in natural gas futures pricing over the last 30 days, with the January contract falling by 35%. We usually do not see such a large drop during the month of December. Gas in storage for winter use is adequate and helps stabilize pricing. Currently we’re […]
Electricity and Natural Gas Update – December 2022
Natural gas futures and electricity pricing remain high as we begin winter heating season. Futures jumped significantly today based on large gas storage withdrawal along with weather forecasts calling for much colder weather and higher heating demand over the next two weeks. Imagine that, cold weather forecasts for December having such an impact. As mentioned over […]
Electricity and Natural Gas Update – November 2022
The document attached below reflects Friday, October 28th NYMEX closing prices. You will note a nice decrease over last month and a half, with factors such as record gas production, ample gas in storage and warm weather being driving forces bringing futures pricing down. As I write on this Monday afternoon futures pricing is up significantly due […]
Electricity and Natural Gas Update – October 2022
Per attached NYMEX Futures below you will note natural gas futures have fallen significantly since last communication. Futures do remain high however, though much more favorable at this time. Winter is upon us and market movers include weather forecasts, storage volume and record high domestic production. Over last three trading days futures fell significantly due to: […]
Electricity and Natural Gas Update – September 2022
Electricity and natural gas pricing remains very high as we approach winter heating season. With approximately 40% of U.S. electricity generation fueled by high-priced natural gas, we can expect continued high priced electricity rates for the foreseeable future. Consumers will also see very high natural gas heating bills this winter. Natural gas futures pricing remains high due […]
Electricity and Natural Gas Update – July 2022
The numbers are high. No need to state the obvious regarding high energy costs however here we are on July 19th trying to anticipate where we’re headed. Numerous factors are at play other than worldwide unrest. This summer’s record heat across the nation continues with NatGasWeather’s 15-day weather models calling for “the greatest number of cooling […]
Electricity and Natural Gas Update – June 2022
We continue to experience record high energy prices across the board with no clear end in sight. Taking things day-to-day may be the best (or only) policy these days, we will see. Natural gas is a significant source of energy for electricity generation. Over recent weeks U.S. power generators used more natural gas due to […]
Happy Easter and Update
“Uncharted territory” best describes today’s energy futures pricing. With so many dynamics at work both in the United States and abroad there is simply no answer to the question, “How long will high prices continue until we see a pullback?” Patience is the word of the day, this situation must play itself out, and it will. Sending […]