NatGas Price is Crashing and Burning – How Low Will It Go?

U.S. natural gas and power prices hit multi-year highs in mid-January with the prospect of frigid temps and snow storms in various portions of the country (see NatGas Prices Make Huge Jump on Deep Freeze – Some M-U Prices 4X). The NYMEX Henry Hub futures price hit $3.31/MMBtu just three weeks ago. A week later, it was down to $2.52 (see NYMEX Price Took Another Beating Friday, Closed at $2.52/MMBtu). And yesterday, the price struggled to stay above $2, closing at $2.01/MMBtu. Question: How low will the price go? Will we sink below the all-important psychological $2 mark?

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