Here in the northeastern part of the country, we are supposed to be getting clobbered by two days of super-cold, Siberian air–beginning today. The “otherworldly” temps are forecast to be in the minus 45 degrees Fahrenheit region in some places. Wind chill temps even lower. The spot (physically delivered, next day) price for natural gas in some locations in New England traded as high as $225 per MMBtu during the day yesterday. Even so, the national benchmark Henry Hub price (in southern Louisiana) sank another 1.2 cents to settle at $2.46/MMBtu.
Here in the northeastern part of the country, we are supposed to be getting clobbered by two days of super-cold, Siberian air–beginning today. The “otherworldly” temps are forecast to be in the minus 45 degrees Fahrenheit region in some places. Wind chill temps even lower. The spot (physically delivered, next day) price for natural gas in some locations in New England traded as high as $225 per MMBtu during the day yesterday. Even so, the national benchmark Henry Hub price (in southern Louisiana) sank another 1.2 cents to settle at $2.46/MMBtu.