Price of Marcellus NatGas at Record Lows – $0.59/Mcf @ Dominion S

chart going downThe price that physical natural gas is selling for–in December (winter!) no less–is enough to make grown men cry. And it does. While natgas prices for gas trading at the Henry Hub delivery point in southern Louisiana sold for an average of $1.89/Mcf yesterday, the price for gas trading at Dominion South (in the Marcellus Shale) was just 59 cents per Mcf–an historic low. Weather certainly has a lot to do with that price–but so does an overabundance of supply and lack of pipelines to carry that supply to other markets…

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