U.S. East natural gas fell for a
third straight session on forecasts for milder
weather this week, Bloomberg News reports.
The peak temperature in Minneapolis will reach 64 Fahrenheit
tomorrow, topping normal by almost 20 degrees,
according to the National Weather Service. The high in
Providence, Rhode Island, will rise to 51 from 45, the service
reports.
Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…
Learn More
Heating needs in the northern Midwest are 45
percent below normal today, according to forecaster Weather Derivatives
of Belton, Missouri. Demand in the Northeast will slide to 5
percent below normal, the forecaster told Bloomberg.
Utilities and manufacturers stow natural gas from April
through October for use during the winter, when demand is
typically highest.
Wholesale prices at the benchmark Henry Hub in Erath,
Louisiana, fell 14 cents, or 2 percent, to $6.94 per million
British thermal units, dropping below $7 for the first time in
two weeks on the Intercontinental Exchange. The price has fallen
31 cents, or 4.3 percent, since March 22, the report said.
Prices at ANR Southeast, the Louisiana site where gas enters
the pipeline system, declined 17 cents, or 2.4 percent, to $6.80
per million Btu on the Atlanta-based exchange. At the Algonquin
delivery area serving New England, prices reportedly fell 19 cents, 2.5
percent, to $7.49.
Chicago gas retreated 20 cents, or 2.8 percent, to $6.91 per
million Btu, according to the exchange. New York City gas fell 8
cents, or 1.1 percent, to $7.47 at Transco Zone 6.
Bloomberg News
