NGSA Predicts Summer Natgas Prices Will Rise

The Natural Gas Supply Association (NGSA) is fresh out with their own prediction for where the price of natural gas may be heading in the near-term–meaning this summer. According to a press release and PowerPoint presentation (both embedded below), the NGSA says natgas prices will be slightly higher this summer compared to last summer, mainly due to the brutal winter and drawdown in stored supplies. Those low storage volumes mean producers have to fill them back up and that will lead to a bit more demand and in an almost pure commodity market like natural gas, more demand matched to the same or slightly more supplies means prices will go up. Here’s what the NGSA says…

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