New England Gas Prices Jump… WSJ

by Jim Colburn • Thursday, January 4, 2018

Here is Stephanie Yang in today’s Wall Street Journal:

”According to S&P Global Platts, New England next-day prices jumped to $38.40 a million British thermal units Wednesday, up nearly 90% from $20.58/mmBtu the previous day and a 1,200% surge from $2.94/mmBtu at the beginning of December. The most-active futures contract, which trades on prices at Henry Hub in Louisiana, rose 0.6% to $3.026/mmBtu Thursday morning.”

“As natural-gas prices have surged, many generating units have switched to using fuel oil to provide power and heating. The price volatility has spread to other corners of the energy markets, and some traders anticipate markets like crude oil and petroleum products could get roiled.”

Leave a Reply

Your email address will not be published. Required fields are marked *