Gas It Up
June 30, 2016
The past 3 months
Natural gas prices have been on the rise
After establishing a new floor
With the Nymex dropping under $2.00 a dekatherm
It started an accent
And is now heading towards $3.00
That would be a 50% increase
What caused this sudden rise….
Some say…..
Supply / Demand
Others say greed
With the market choking on gas
And gas prices being low
They started shutting down wells
That can certainly drive prices up
Now throw the weather into the mix
Did we have a spring…
Maybe we will have a hot summer
The market is in flux
Should the long range forecast see a hot summer
Prices will continue to rise
If cooler temperatures prevail
You will start seeing prices back off
Should that be the case…
We will see a window of opportunity
For gas and electric prices will drop and
Become even more competitive
In the energy business
Timing is everything
We’ll keep you posted