Fitch sees gas prices falling through 2010, but higher than in 2006 'market update'

摘要

Fitch Ratings last week predicted that natural gas prices will fall through 2010, but will remain at higher levels than the ratings agency expected in the last "Wholesale Power Market Update" issued a year ago.rnFitch's "base case" expects gas to average $8/mMBtu this year, the same as it predicted in October 2006, and "substantially below the peak levels of late 2005 and early 2006," thanks to high inventory and a lack of major hurricanes affecting production.rnBut Fitch now sees gas at $6/mMBtu by 2010, compared to the $4.50 predicted a year ago.