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Daily Prices

9/25/24

Weekly Natural Gas Cash Prices Gain Ground in ‘Wild Week’ That Saw Pipeline Fire, Quake in Texas

By Chris Newman

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Published in: Weekly Gas Price Index Filed under:

Weekly natural gas cash prices were led higher by hubs in the Permian Basin flipping positive as all regions except Canada posted gains in the latest trading period.

Graph showing U.S. natural gas storage levels from the Energy Information Administration (EIA) Storage Report, highlighting inventory and capacity data.

NGI’s Weekly Spot Gas National Avg. for the Sept. 16-20 trading period gained 15.5 cents to $1.845/MMBtu.

Waha jumped $1.285 week/week to average 54.0 cents, its first time above zero since late July. Northwest Sumas added 79.0 cents to $1.570 as Canadian supply constraints forced the Northwest to source more gas from the Rockies, pulling its prices closer to the latter’s trading levels.

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Chris Newman

Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.