The Energy Information Administration of the United States Government presents a weekly overview of natural gas prices for the public to view. This past Thursday, July 19, 2007 (next release 2:00 p.m. on July 26, 2007) the latest update was released. The URL is found below, as well as a quick overview. Additional information will be provided during the week.
http://tonto.eia.doe.gov/oog/info/ngw/ngupdate.asp
Energy Information Administration of the United States Government reported that since Wednesday, July 11, 2007 the natural gas spot prices decreased at virtually all markets in the Lower 48 States of the United States. Prices at the Henry Hub, the price for natural gas on the New York Mercantile Exchange, declined 41 cents per million btu, or 6 percent, since Wednesday, July 11, 2007 to $6.24 per million Btu. At the NYMEX, the futures contract for August delivery at the Henry Hub settled yesterday (July 18, 2007) at $6.528 per million Btu, falling 7 cents per million Btu, or 1 percent since last Wednesday, July 11, 2007. Natural gas in storage was 2,692 billion cubic feet as of July 13, 2007 which is 15.7 percent above the 5-year average (2002-2006). The spot price for West Texas Intermediate (WTI) crude oil gained $2.45 per barrel on the week (Wednesday-Wednesday) to $75.03 per barrel or $12.94 per million Btu.
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