October gas futures sank 3.2% to the low $2.80s per million Btu Tuesday as bearish shoulder season fundamentals weighed on the market.

摘要

“Dry gas production pushed ahead over the holiday and has posted near-record levels over the past few days," Gelber & Associates analyst Daniel Meyers said. “Meanwhile, weather forecasts have moderated slightly to show demand easing by next weekend, and a more mixed pattern in September will leave room for healthy storage injections after the current week.”