November gas fell 3.1% Monday to a close in the low $2.30s per million Btu as revised weather forecasts over the weekend show shoulder season conditions on the horizon.

摘要

That signals an end to robust late-season cooling demand as well as the prospect for early heating demand. However, the current late-season heat in Texas and the Southeast and early cold conditions in the Northwest and Rockies should lead to relatively strong weather-related demand for the short-term and a more modest storage injection in the first week of October, Gelber & Associates analyst Daniel Myers. Nonetheless, near-record gas production will fill that extra demand.