NYMEX NatGas Price Hits New Modern High of $7/MMBtu

Yesterday the "front month" price of natural gas trading on the NYMEX Henry Hub closed at $7/MMBtu, the highest NYMEX price in 13.5 years (since Nov. 10, 2008). It was just two days we told you the NYMEX price was making a run for $7, closing at $6.64 on Monday (see NatGas Makes a Run at $7/MMBtu – Highest in 13 Yrs – “Fear Premium”). Yesterday the price added another $0.32 (4.53%) to hit an even $7. Why?

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