The 10-15 per million Btu spot gas prices registered across the US in the wake of late September's Hurricane Rita-now widely viewed as more devastating for the gas industry than the earlier Hurricane Katrina that flooded New Orleans - will not be a momentary blip(WGI Sep.l4,p3).Last Wednesday's settlement of the October gas futures contract on the New York Mercantile Exchange at 13.90/MMBtu insures baseload prices will stay at these lofty heights for at least a month.
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