A pipeline explosion Friday near Pittsburgh and a subsequent force majeure on Texas Eastern Transmission and a related storage facility sent prices soaring on usually somnolent Tetco-M3

摘要

Cash prices ran as high as $2.75 on the pipeline, which averaged $2.09 for Tuesday flow, up 69￠ on the day. Other Northeast price points saw smaller but still substantial gains -- Transco zone 6 New York went up 51￠ to average $1.89 -- as traders sorted out possible supply shortfalls. 'However, with demand so low this time of year, the pipeline shut down should not have a dramatic impact on general Northeast prices,' said Gelber & Associates analyst Kent Bayazitolgu.