The price of natural gas traded on “forward” contracts for the fall at what used to be called the Dominion South (now called Eastern Gas Transmission) trading hub near Pittsburgh is up 23 cents (14%) for contracts in September and October. Forward prices are based on current spot prices. Translation: The market is strongly indicating it thinks the price of M-U gas is heading higher in the coming fall months.
The price of natural gas traded on “forward” contracts for the fall at what used to be called the Dominion South (now called Eastern Gas Transmission) trading hub near Pittsburgh is up 23 cents (14%) for contracts in September and October. Forward prices are based on current spot prices. Translation: The market is strongly indicating it thinks the price of M-U gas is heading higher in the coming fall months.