Warm temperatures drove a healthy injection of 67 Bcf and caused prices to stay flat. The nation averaged 58 degrees or 2 degrees above normal.
Strategy – The summer predictions (see chart below) are predicting warmer than normal temperatures. Spring is a good buying opportunity as the winter gave us a break. Natural gas production was down 3% from last winter. If this winter would have been normal or below normal temperatures in the northeast, all pricing would have jumped significantly.