(Reference: EIA) The chart below shows evidence of why prices have gone up significantly since the same time last year. We are at the end of the winter season, thus the end of when we start putting more into natural gas storage than taking out. We ended with inventories at 17% higher than last year’s record level.
Strategy – Spring is a good buying opportunity since the winter gave us a break as natural gas production was down 3% from last winter. If this winter would have been normal or below normal temps in the northeast, all pricing would have jumped significantly.