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Natural gas prices move upward with summer heat

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July 1, 2010

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Natural gas prices are continuing an overall upward trend, and natural gas spot prices rose during the week ending June 16, according the EIA’s Natural Gas Supply Weekly Update. The agency reported that the upward trend is likely in response to the summer-like temperatures across much of the country and increasing crude oil prices.

Source: http://tonto.eia.doe.gov/oog/info/ngw/ngupdate.asp

The largest price hikes occurred at trading locations that serve markets in Florida. The Florida Gas Transmission location posted an increase of $1.03 on the week, ending trading in mid-June at $8.27 per MMBtu, ...

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