Natural gas pricing was up slightly from last week. The chart (below) shows daily demand vs. daily production. We are in the injection season, whereby natural gas drilling production is being consumed. This would lead one to think pricing would decrease, but note that total storage is 14% lower than last year. This will continue to put weekly pressure on prices to increase.
Strategy – For the summer, warmer than normal temperatures are predicted. Winter gave us a break, making spring a good buying opportunity because natural gas production is 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.