Chris McGill Natural Gas Market Indicators

Year-to-date domestic natural gas demand is up about 3.6 percent from that of 2009, primarily due to additional gas supplied to power generators and to some extent industrial users. The modest overall increase has not been enough to completely offset growing domestic production and, therefore, natural gas prices have continued to fall as the country approaches the coming winter.

This should be good news for home heating customers and others this winter, depending on weather and ultimate usage, of course. The current Winter Fuels Outlook from EIA shows expectations for average natural gas home heating bills to be about 3.6 percent higher this winter than last based primarily on a slightly higher average commodity price in 2010 compared to 2009.

Visit this link to download the full Natural Gas Market Indicators. Topics covered include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Rig Counts, Pipeline Imports and Exports, and LNG Markets.

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