NYMEX NatGas Price Slides 4th Day in a Row, Hits 4-Week Low

Even with much of the nation in an extreme heat event making record demands on gas-fired power plants, demand for natural gas appears to be nominal at best, and consequently, the price of natural gas, at least the Henry Hub NYMEX futures price, remains mired in the mid-$2 range. The NYMEX price was down again yesterday, closing at $2.51/MMBtu. That's the fourth day in a row the price has decreased, hitting the lowest closing price in almost a month--since June 20th.

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