August gas futures edged a fraction of a penny higher Tuesday to close in the upper $2.80s per million Btu after hitting a high in the low $2.90s as the market weighs the current increase in demand from the heat wave in the Northeast and Mid-Continent with strong production. "Despite the slight recovery today, prices have shown some weakness early this week. It is typical for prices to fall immediately following the Fourth of July, and the current support will not be enough to stave off this ever-dependable summer slide," Gelber & Associates analyst Daniel Myers said.
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