NGSA: Colder Winter + Lower Production = Higher NatGas Prices

ngsaLast winter was pretty unusual by everyone’s standards. It was much warmer and less snowy than normal in the northeast, and natural gas production/levels remained high over the course of the winter. It meant that the price of natural gas stayed in the basement during the time of year when it normally at least makes it to the first floor. What about this year? MDN recently reported that it’s going to be colder and snowier than average in the northeast this year (see AccuWeather Winter Forecast: “Frequent Snow” Will Blast Northeast). The Natural Gas Supply Association (NGSA) issued its 16th annual Winter Outlook assessment of the wholesale natural gas market yesterday (full copy below). What do they say? NGSA affirms the AccuWeather forecast saying they expect temps to be 12% colder this winter–increasing demand for natural gas and thus putting “upward pressure” on the price of natural gas…

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