July gas futures prices lost steam to roll off the board at $4.717 today as hurricane fears subsided and a bout of cooler, rainy weather sent gas futures buyers ducking for cover.

摘要

Today's "hurricane premium deflation" came as the projected path for the storm shifted away from the bulk of energy infrastructure. Alex is expected to become a hurricane on Tuesday and make landfall near the Texas-Mexico border Thursday morning. Based on today's close, August gas futures appear poised to test the $4.60s or lower in coming days.