Natural gas hits $4.13 as fuel prices rise nationally

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.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.