While natural gas prices have always floated up and down, lately we’ve seen a rapid run-up in the NYMEX futures price that hit a seven-year high last week (see To the Moon! NYMEX, Spot NatGas Prices Jump $0.20 to Fresh Highs). Since then the price has come down a fair bit. There has been chatter that the NYMEX price might hit $10/MMBtu this winter if we have a particularly long and cold winter. An investment advisory note from Citigroup now says if we get a bitter cold snap, prices at the NYMEX may hit $100/MMBtu!
While natural gas prices have always floated up and down, lately we’ve seen a rapid run-up in the NYMEX futures price that hit a seven-year high last week (see 