The latest NYMEX natural gas price for January delivery was $4.13/mmBtu, the Energy Information Administration (EIA) reported Dec. 6.
The NYMEX natural gas price has been inching closer to $4 recently as measured by EIA reports.
Eight of EIA’s 10 energy reporting regions showed gas prices above $4, according to data from the federal agency’s website. The Northwest, which has been experiencing some wintry weather, recorded a price of $4.85/mmBtu.
Only the Mid-Atlantic ($3.80) and Louisiana ($3.97) reported gas prices below $4 on Dec. 6.
EIA and other sources have reported that natural gas consumption for power generation has been down significantly in 2013 compared to 2012, due largely to the higher gas price compared to coal.
But coal prices reported to EIA have also risen in recent days.