September Prices Surge in Most Regions,Slide in Northeast

摘要

September bidweek prices were all over the map as some regions followed the stratospheric rise of the September futures contract,others bowed to lighter shoulder-season demand,and the West reacted to a major gas shortfall in Southern California.The SoCal Citygate shot $2.03 higher than a month ago to average $4.35 per million Btu for monthly flow.That lofty price anticipates supply scarcity continuing in the region,which some say is too dependent on renewables and imported gas- both of which have fallen short during recent Western heat waves(NGW Aug.24'20).