Physical gas spot prices have decreased in the wake of the polar vortex. Boston’s Algonquin Citygate fell $6.41 (-70.4%) to $2.69/MMBtu on Wednesday, February 6. Transco Zone 6 NYC prices decreased $10.04 (-80.3%) to $2.47/MMBtu.
Total US consumption of natural gas fell by 15%. Consumption for power generation was down 11% week/week, industrial sector consumption dropped by 7%, residential-commercial consumption declined 21%, and exports to Mexico decreased 3%.
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