Thursday, July 22, 2010

Natural Gas Prices Up At All Locations-The Pork Network

"Natural gas prices increased across all market locations, as high temperatures continued to envelop most of the lower 48 States. Price increases likely resulted from warmer-than-normal weather across most of the country. While temperatures were warmer than normal in most of the lower 48 States, the southeast was especially hot, with temperatures averaging above 80 degrees through most of the region. On Wednesday, July 21, the natural gas spot price at the Henry Hub averaged $4.70 per MMBtu. Natural gas consumption for power generation increased 10 percent on the week and 24 percent compared with year-ago levels, according to estimates from BENTEK Energy Services, LLC. Prices generally remained highest in the northeastern United States, where average temperatures were in the 70s and 80s. The price yesterday for delivery into New York City, at Zone 6 off Transcontinental Gas Pipeline was $5.21 per MMBtu, an increase of 29 cents or 6 percent on the week".-more  http://bit.ly/aRMNA7