According to S&P Global Commodity Insights, the difference between prices paid for natural gas this summer and the price gas is expected to bring in the coming winter months, are pretty darned close, which is unusual. Typically less natgas gets used in the summer and so the price decreases. It’s the perfect time for utilities and other major buyers to pay less for the gas and sock it away in storage, keeping it for the upcoming winter. But because forward prices are so high now, this summer, that’s not happening. Which means we in the northeast may not have enough natgas stored away when the cold temps of winter hit. The storm clouds are gathering on the horizon.
