US Southeast spot gas prices plunge on warmer weather, lower demand

摘要

1. Cash prices for next-day flows of natural gas fell sharply across the board in the Southeast and East Texas on Dec. 3, as higher temperatures and lower gas demand put pressure on prices. 2. Cash Henry Hub plunged 25 cents to $2.45/MMBtu, which was the location’s lowest price since Nov. 30. 3. The average temperature in the Southeast was forecast to rise to 54 degrees Fahrenheit on Dec. 4, ending a four-day stretch of below-normal temperatures. 4. Regional gas demand was projected to fall 1.3 Bcf on Dec. 4 to around 24.7 Bcf, according to S&P Global Platts Analytics, with substantial drops in both residential-commercial and gas-fired power demand.