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 […]
Electricity and Natural Gas Update – April 2022
Natural gas futures settled today at their highest price since December 2008 and is up 70% for the year. Current natural gas inventory is down 21% from year ago and given today’s world situation, predicting where we’re headed is difficult at best. We now need to take at look at Europe’s inventory as well – down […]
Electricity and Natural Gas Update – March 2022
Bottom line as I write is high energy prices and the situation in The Ukraine, where this leads remains to be seen. Please contact me with any questions regarding your personal situation.
Electricity and Natural Gas Update – February 2022
Sustained cold in January here in the Northeast resulted in price spikes for electricity and natural gas not seen since 2014. Utility rates are skyrocketing and that’s the beauty of signing fixed rate contracts at the appropriate time, when energy futures are down. Timing and execution is everything. There are numerous factors causing price spikes however […]
Christmas Wishes and Electricity and Natural Gas Update 2021
Natural gas futures have fallen significantly since last contacting you at Thanksgiving due in large part to warmer-than-normal weather across the country. December futures contract closed at 5.45/Dth and currently the January contract is at 3.78 (30% lower) and will expire/settle next week. With the 10-day forecast absent of significant cold we can expect stable pricing to […]