Traded price of Natural Gas is ramping.

[Snagglefoot]

After enjoying low prices for Natural Gas it seems to be ramping towards $3 again. With time it can affect the price of electrical production as contracts need to be renewed.

 

[mrsilv04]

Well, winter is coming...

 

[mk378]

Looking at the 10 year history it always goes up significantly during September-October, often hitting the highest price of the year in those early fall months. This is something that the traders have already baked into their plans.

 

[daves87rs]

Could get interesting…..

 

[Snagglefoot]

Yes, this could get interesting indeed. Gas bottomed out in early spring at around $1.50. It hasn't been that cheap in over 20 years.

 

[Snagglefoot]

Looking at the 10 year history it always goes up significantly during September-October, often hitting the highest price of the year in those early fall months. This is something that the traders have already baked into their plans.

The effect of the season is there but has little to do with the major price movements. Check out the 20 year chart.

 

[4WD]

Well, it’s seeing expanded uses such as plastics - and that alone is growing - especially in packaging …

 

[mk378]

If the thin gray graph is the amount of gas sold, demand is quite low now.

But there is *always* a big spike every Fall season, except during recessions. You can bank on it.

 

[SC Maintenance]

We are awash in natural gas so long as shale oil continues as a thing. Thats dependent on the price of oil staying above at least $60BBL If shale oil production goes down, so does Nat gas, although we currently have a huge surplus and still flare lots, so it might take a while.

Shipped LNG is 10% of US gas production. I wonder if a long East Coast port strike will put that gas back on the domestic market? The commodity is priced around the margins.