In a rarity for the spring 2016 shoulder season, the prompt month price for New York Mercantile Exchange (NYMEX) Henry Hub natural gas to be delivered in May has hit $2/mmBtu.
That’s according to the latest data posted March 31 on the Energy Information Administration (EIA) web site. The price reflects the figure for NYMEX gas to be delivered in May.
The EIA-published price was 10 cents more than the $1.90/mmBtu recorded for the prior business day. The EIA prompt month gas price recorded near the end of March 2015 was roughly $2.64/mmBtu.
As for regional data, spot natural gas prices listed for 10 regional organized markets were all listed at below $2. The Midwest did record a spot price of $1.98.
The daily spot natural gas prices listed by EIA were up in seven of the 10 regions. As for spot power prices, they were down in eight of the 10 regions tracked by EIA.