US West natural gas prices fell across the board May 3 fornext-day flows, as shoulder season fundamentals decrease riskfor strong upward price swings. The average daily temperaturein the Southwest is expected to remain above the May 3average temperature of 59 degrees F throughout the nexttwo-week period, according to S&P Global Commodity Insightsweather models. In addition, temperatures are likely to climbto 68 degrees by mid-May. Finally, as storage inventories seeaccelerated injections, a bearish outlook this summer maycontinue to gain traction.
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