How Low Can You Go? Northeast NatGas Prices Dip Below Henry Hub

In what increasingly appears to be a game of limbo, or “how low can you go,” natural gas prices in the northeastern part of the U.S. keep going down. In a reversal of past trends, many of the market points in the northeast are beginning to slip below the benchmark Henry Hub market point price in Louisiana.

What does it mean? It means residents in one of the most populous areas of the country, the northeastern U.S., are now paying less for natural gas than they did just a few years ago because the gas they are using now is produced nearby in the Marcellus and increasingly in the Utica Shale region. There is so much locally produced shale gas, it’s causing big changes in the natgas marketplace, as noted by the U.S. Energy Information Administration (EIA)…

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