Natural gas futures were up for a second day on Tuesday, climbing to a one-week high boosted by weather forecasts that are likely to lift demand for the fuel. The rise followed an 8.1-cent gain Monday, with the combined increase nearly erasing the loss of 12.8 cents over four days last week, when prices settled. Read the Rest…
Electricity Rates Blog
U.S. House Passes Bill to Block EPA Clean Air Rules
Texas and Dallas-based power plant operator Luminant had a small victory yesterday against the EPA as the U.S. House of Representatives passed a Republican-sponsored bill that would block a number of clean air rules. The bill’s passage comes after Texas sued the EPA this week, asking a federal court to block the Cross-State Air Pollution. Read the Rest…
Natural Gas Storage Report 9-22-2011
Working gas in storage was 3,201 Bcf as of Friday, September 16, 2011, according to EIA estimates. This represents a net increase of 89 Bcf from the previous week. Stocks were 129 Bcf less than last year at this time and 35 Bcf below the 5-year average of 3,236 Bcf. East Region, stocks were 76. Read the Rest…
Natural Gas Futures Falling With Autumn Temps Looming
Natural gas futures fell Tuesday as the market enters the so-called shoulder-period of autumn. That’s the period of typically sluggish demand—when mild weather reduces demand, before recovering in the winter when heating-fuel peaks. Typically, natural gas futures often reach a seasonal low in October. Natural gas prices added to losses on Friday, falling 1.35% after. Read the Rest…
Natural Gas Futures Fail to Hold
Natural gas futures flirted several times above the psychologically significant $4/mmBtu mark several times Tuesday morning but failed to hold above that line later in the session. Abnormally high temperatures in Texas and the southern plains will thankfully not last; a cold front moving into the area and other regions is expected later this week. Read the Rest…
