Drop in Temps Leads to Drop in Henry Hub NYMEX Price

The price for the "front month" NYMEX natural gas contract, which trades based on the spot price of gas at the Henry Hub in southern Louisiana, dropped again on Friday--closing at $6.83/MMBtu. Most predictions we've seen say that natural gas will average much higher both this year and next--in the $9 or $10 range. So why is the price dipping right now, and will it stay low?

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