Natural Gas Prices
Natural Gas Prices
Gas rose a fraction today
Natural Gas Prices today rose a fraction higher but not enough to cause a stir. Yesterday we saw them close at $6.20 MMBtu and today they are at $6.29 MMBtu. This small move has seen the markets remain flat across sectors that correlate strongly with this carbon fuel.
Flat market with Electricity in the state of Texas
Texas electricity has maintained a flat market today with this news and could possibly see electric rates drop tomorrow with no new signs of tropical storms in sight and summer heat remaining around the same temperature we have been at.
Texas has the wettest year on record
One possible cause for lower then usual summer temperatures could be to the fact that rain has kept the temp down enough that Texans do not turn up the air conditioning quite as high. According to recent news Texas has had the wettest year on record starting with the first 7 months of the year. This has been the first no drought year in a decade.
Weather pattern reaches outside of Texas
This wet weather is not just affecting Texas but is similar all around the bordering states and into the carribean. Electricity Rates and Natural Gas continue to cut those who rely on them a break adding needed dollars to the bottom line. Let’s hope the weather and the energy rates remain low for a few more months.
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