Natural Gas Prices

Overview:  Thursday, July 20, 2007

Natural gas spot prices decreased across the board since July 11 in almost all states.  Prices at the Henry Hub came down 41 cents per MMBtu, about 6%, since July 11, to $6.24 per MMBtu. 

At the NYMEX, the futures contract for August natural gas delivery at the Henry Hub settled on July 18 at a price of $6.528 per MMBtu, falling 7 cents per MMBtu, about 1% since July 11. 

Natural gas in storage was 2,692 Bcf on July 13, which is 16% above the 5-year average (2002-2006).  The spot price for West Texas Intermediate (WTI) crude oil gained $2.45 per barrel on the week to $75.03 per barrel or $12.94 per MMBtu.

In Texas Electricity rates followed with electric prices down to as low as .075 cents per kilowatt hour in some areas of the state.

This entry was posted on Friday, July 20th, 2007 at 5:34 pm and is filed under Electricity, Natural Gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.