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.
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 […]
Thanksgiving Wishes and Electricity and Natural Gas Update 2021
Natural gas futures are higher since last contacting you twelve days ago. Exports of liquefied natural gas remain strong and this factor alone limits downward pricing movement. Most significant pricing factor currently is winter weather forecasts for December and as of today, prediction is for warmer-than-normal temperatures to start the month. This may result is near […]
Electricity and Natural Gas Update – October 2021
Energy pricing continues its surge that began earlier this year due to variety of issues spelled out in previous posts. Current factors include tight storage as we head into winter, for example here in the Great Overtaxed Northeast our region’s storage supply is 8% lower than year ago, 5% lower than 5-year average. This is […]
Electricity and Natural Gas Update – September 2021
Since August 1st we have seen a big run up in natural gas futures pricing (see attached) for a variety of reasons: the U.S. continues to export record volume of natural gas overseas; lower than normal storage gas levels heading into winter; warmer-than-normal temperatures forecast through September; and slow recovery of production and processing of […]
Happy Thanksgiving and a Quick Energy Pricing Update
November’s cold weather triggered natural gas (futures) price spikes this month resulting in gains as much as 48% at its peak. Trading volume hit an all-time high of 1.2 million contracts on Wednesday, November 14th. All this action primarily due to short covering, lower than normal gas storage levels (-16.6% yr. ago, -18.6% 5-yr. avg.) […]
November 2018 Electricity and Natural Gas Update
Despite record natural gas production this summer, we began the official winter heating season (November 1st) with gas storage inventories at their lowest level in 15 years. Hot summer weather, liquefied natural gas demand, exports and increased industrial usage have resulted in lower-than-anticipated inventories. NYMEX futures pricing. While long term outlook for natural gas pricing […]
September 2018 Electricity and Natural Gas Update
You’ll note NYMEX futures pricing remains virtually unchanged over last nine months, no problem. With summer coming to an end and winter heating season not too far away, we need to look at level of gas in storage come November 1st which is “unofficial” start of the heating season. NYMEX futures pricing Current storage level […]
July 2018 Electricity and Natural Gas Update
Electricity and natural gas pricing continues to be stable while crude oil has risen sharply, currently over $73 a barrel. Last week saw record high natural gas production which offset bullish weather (heat) across much of the US. In the past this heat wave would trigger sharp increases in natural gas futures and electricity pricing […]
May 2018 Electricity and Natural Gas Update
Since last contacting all of you on March 30th there is virtually no change in natural gas futures pricing, in fact, no change in pricing since December 7, 2017. There is no change in our forward recommendation: lock in your electricity and natural gas rates through 2022. Excellent long term fixed rates are available, do […]