The futures price for March delivery of NYMEX natural gas was only $1.80/mmBtu, according to data published early Feb. 22 by the Energy Information Administration (EIA).
The NYMEX Henry Hub futures price for natural gas is running about $1.03/mmBtu less than it was at the same time last year, according to the EIA numbers.
In addition, nine of the 10 organized markets reported by EIA listed spot natural gas prices that were actually below $2, according to the latest EIA data.
New England recorded the highest spot natural gas price in the nation at only $2.05/mmBtu, according to EIA data.
As the markets move toward the shoulder season, power prices were also weak on Feb. 22. New England listed the highest spot power price at only $27.58/MWh.