Can you spare 89 cents for natural gas?

As yet another example of the cheap price of domestic natural gas, the Mid-Atlantic had the nation’s least expensive regional spot natural gas price posted by the Energy Information Administration (EIA) March 8 at only 0.89 cents/mmBtu.

In other words, Mid-Atlantic natural gas currently costs less than a soft drink in many places.

All 10 organized market regions reported spot natural gas prices of less than $2/mmBtu. Northern California reported the highest regional spot gas price of any market at $1.81.

The Nymex/Henry Hub price for April delivery of natural gas was listed by EIA at $1.69/mmBtu. That’s roughly $1.70 less than the same benchmark price during the first week of March 2015.

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.