Volume 16, Issue 29 | September 23, 2019

Editor's Note

Higher Storage and Lower Prices

Weekly review for September 15 - 21, 2019

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday Sep 13, 2019 was 3,103 BCF.  This was an increase of 84 BCF from the previous week, a bit higher than market expectations. Inventories are now 393 BCF higher than last year at this time, 75 BCF below the 5-year average.

After recent increase, it was good to see prices come back down, if only by a small amount.  The PJM Western Hub 12-Month curve was down 0.9% and the NYMEX natural gas 12-month curve was down 1.9%. 

 
 
 

This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions. 



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Weather

Local Cooling Degree Days*

 


Washington, D.C. Area Cooling Degrees Days* 

 

May - 19

Jun - 19

Jul - 19

Aug - 19

Sep - 19

 Oct - 19

 Actual

216 

341

 530

466 

 

 Normal

121

330

 472

423 

 Departure from Normal

 78%

 3%

 12%

 10%

 Warmer

Warmer 

Warmer 

Warmer

 

*Cooling degree day (CDD) data is for the Washington, D.C. area and is calculated by comparing the day’s average temperature to a 65-degree baseline. If the day’s average temperature is below 65, there are no cooling degree days that day. If the day’s average temperature is greater than 65 degrees, then subtract 65 from the average temperature to find the number of cooling degree days.