Cooler Start To Summer Season Is Crushing Herbal Gas Prices

McGillian said, on the other hand, a steep enough drop in natural gas prices could mean natural gas demand would pick up, as utilities would switch over to replace higher priced coal.
Natural gas prices dropped Monday on updated forecasts for a cooler early summer across the Midwest and Northeast, meaning utility customers will use a lot less air conditioning.
Natural gas prices had run up to about $3.42 per Mmbtu in May ahead of summer cooling season, but traders have been paring back on positions.
Natural gas futures for July were trading at $2.89 per Mmbtu, a decline of 4.5 percent.
An El Nino condition would trigger storms and warmer water temperatures in the Pacific and cooler summer weather in North America.

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