NY Almost Ran Out of Natural Gas Last December
According to a new report from federal regulators, New York almost ran out of natural gas during last December’s Winter Storm Elliott.
On The Homefront: Free Energy Audit for Dominion Energy Customers
Does Dominion Energy supply your home with natural gas? If so, you’re in luck! Dominion offers free residential energy audits – a $25 savings. The energy assessment will evaluate your home and how it uses and wastes energy. Auditors can also recommend available rebates and give the homeowner free energy-saving products — like high-efficiency shower…
Market Snapshot: Tuesday, November 14, 2023
WEATHER HIGHLIGHTS: As projected, natural gas prices have fallen in the last week, with prompt-month pricing falling almost below $3.00. Since the start of November, natural gas prices have lost $0.60 from $3.62 to $3.018 on Friday. This drop coincided with a change in the weather forecast, which called for milder temperatures than initially forecast.…
Energy Market Snapshot: November 6, 2023
EIA: WEEKLY NATURAL GAS STORAGE The last two natural gas storage reports have shown a more robust injection than the five-year average, which is helping to keep the price of Natural Gas lower as mild weather has kept heat demand down. Projections of a mild winter due to a strong El Nino are also holding…
Market Snapshot: Monday, October 30, 2023
EIA: WEEKLY NATURAL GAS STORAGE The last two storage reports have shown a more robust injection than the five-year average, which is helping to keep the price of Natural Gas lower as mild weather has kept heat demand down. Projections of a mild winter due to a strong El Nino are also holding back gas…
Market Snapshot: Monday, October 23, 2023
EIA: WEEKLY NATURAL GAS STORAGE Our gas injections continue to be weak this summer, and we will still be lucky to have a surplus by the end of withdrawal season starting in November. Our surplus over the 5-year average, at one time over 17%, is now down to 5.1%. The excess over last year has…
Market Snapshot: Monday, October 16, 2023
Oil, Natural Gas, and The Israel-Hamas Conflict After worries that the Israel-Hamas conflict could widen into a larger Mideast war, prices returned to normal. So far, the fighting has been limited to around the Gaza Strip except for a few rocket attacks from Hezbollah from Syria and Lebanon in the north. While neither Israel nor…
Market Snapshot: Monday, October 9, 2023
NATURAL GAS: NYMEX 12-MONTH ROLLING STRIP (NOV-OCT) In September, natural gas demand fell sharply in all sectors, from residential and commercial to industrial. This is likely due to mild weather throughout the country and no actual heat demand until this last week. Below average temps are moving across the country, so look for higher heating…