The Henry Hub spot pricing closed this week (Wednesday, May 22) at $4.16 per MMBtu, up 13 cents from last week’s $4.03 (Wednesday, May 15). The NYMEX near-month June 2013 closed at $4.186 per MMBtu on Wednesday, May 22 up from $4.070 last Wednesday.
According to BENTEK Energy LLC estimates there was a decrease in consumption in the residential/commercial sector of 23.1 per cent. The power sector consumption was up 17.5 per cent. Industrial sector consumption fell 2.6 per cent.
According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 2,053 Bcf on Friday, May 17. Stocks were down 680 (24.9%) Bcf from last year at the same time and 84 (3.9%) Bcf below the 5 year average.
Please feel free to give me a call to discuss any questions you may have about your specific energy plan.
**This analysis contained herein is based upon information Energy-Tel, LLC reasonably believes to be accurate. However, they do not guarantee the accuracy of the analysis.**
THE LAST WORD: The legacy of heroes is the memory of a great name and the inheritance of a great example. ~Benjamin Disraeli
Have a safe and happy Memorial Day.