Natural Gas Prices Fall

Mild weather is contributing to reduced demand and falling prices for natural gas in the September market. “September natural gas futures contracts fell by 0.88% and settled at $2.70 per MMBtu (British thermal units in millions) on August 18, 2015.” Weather forecasters indicate that mild weather and thunderstorms will continue across the northern and central regions of the US over the next week. Milder than normal temperatures will reduce the air conditioning needs and cause a fall in the demand for natural gas. In last week’s report the “EIA stated that the natural gas stocks rose by 65 Bcf (billion cubic feet) for the week ending August 7, 2015.