This shouldn’t take too long. Natural gas acquisition prices are low. Storage inventories are bursting at the seams for this time of year and “must turn” requirements for some volumes of storage may put additional downward pressure on prices.
Warm weather for the country as a whole has completely trumped any market pressure on pricing that may have developed this winter given reductions in gas-directed drilling.
More natural gas may displace coal in power generation in the short-term and market changes will come, eventually. However, little is expected to change for the balance of the winter heating season unless there is an extraordinary cold weather event.
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