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

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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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