Due to a severe winter storm in the nation’s midsection in February, natural gas spot prices across the country went crazy (see Cash NatGas Price in Oklahoma Hits $999/MMBtu; M-U Thru Roof Too). The price of gas traded at $1,200/MMBtu at one point in Oklahoma. Insane! Prices here in the M-U went sky-high too. But all good things must come to an end, and they did in early March (see All Good Things Come to an End: Gas Price Back to Pre-Storm Levels). Since early March, the physical spot price natgas sells for in the M-U has slumped even further. Why?
Due to a severe winter storm in the nation’s midsection in February, natural gas spot prices across the country went crazy (see 