NYMEX Soars Another $0.37 to Close at $8.78 – Whispers of $10 Gas

Wow! This is getting interesting...and scary. The NYMEX futures price of natural gas for the current "front month" contract soared another 37 cents yesterday to close at $8.78 per MMBtu. Another 14-year high. It certainly looks as though the price will soon blow by $9/MMBtu. One expert says "we feel we easily can go over $10 in prompt-month [pricing] over the next several weeks." Yikes! What's causing this massive spike?

---

To view this content, log into your member account. (Not a member? Join Today!)