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Daily Prices

9/25/24

Natural Gas Futures Surge Amid Tighter Balance, Potential Storm; Cash Prices Slip — MidDay Market Snapshot

By Jodi Shafto

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Published in: MidDay Price Alert Filed under:

Natural gas futures rocketed through midday trade Friday in a volatile session that saw the contract sink as low as $2.314/MMBtu and rise as high as $2.440. Changes in supply and demand fundamentals drove wide swings.

Transco Zone 5 midday natural gas prices chart showing fluctuations and trends in the energy market, highlighting gas pipeline transmission and natural gas index values as of September 20, 2024.

Here’s the latest:

  • Prompt month contract up 8.5 cents to $2.433 as of 2:40 p.m. ET Friday
  • Market monitors area of disturbance in Gulf of Mexico (GOM) with a 40% chance of development, according to the National Hurricane Center (NHC)
  • Power sector demand down to 36.3 Bcf/d next week, according to Wood Mackenzie

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Jodi Shafto

Jodi Shafto joined NGI as a Senior Natural Gas Reporter in October 2023. Before that, she was a business news reporter for South Carolina's largest daily newspaper, The Post and Courier, and was a Senior Energy Markets Reporter at S&P Global Market Intelligence. Based out of Charleston, Jodi has covered US energy markets since 2005 as a reporter, editor and analyst. A New Jersey native, she holds a BS in Journalism from Bowling Green State University.