Northeast prices have fallen back down from a run up due to the recent blast of cold. Boston’s Algonquin Citygate prices dropped $4.16 (-59.5%) from last week’s high of $6.99/MMBtu to $2.83/MMBtu last Tuesday. Transco Zone 6 NYC prices decreased $0.48 (-15.5%) to $2.62/MMBtu.
Total US consumption of natural gas fell by 19%. Consumption for power generation dropped by 15% week/week, industrial sector consumption dropped by 8%, residential-commercial consumption dropped by 26%, and exports to Mexico decreased by 1%.
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