Northeast NatGas Prices This Winter Predicted to be Highest in 4 Yrs

Analysts are predicting natural gas prices in the northeastern U.S. market area "could hit their highest [rate] in four years or more" this coming winter. Why? Producers have not ramped up drilling to the same levels we saw prior to the COVID pandemic. Lack of new drilling is causing a storage deficit--less gas being socked away for the winter months. With "strong demand" coming this winter, futures prices for the coming winter months in the northeast is already on the climb--in some places more than $14/MMBtu!

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