New York spot prices reaching $46.50/MMBTU
A heavy winter storm roared through New England today, bringing high winds and snowfall to the region. Morning forecasts predicted New York could see snow accumulations of nine inches, and even higher snowfalls in many other major cities.

Source: NOAA

This storm follows several weeks of cold weather throughout the U.S., which fueled massive natural gas consumption. According to Bloomberg, the U.S. burned 143 Bcf of gas on January 1, the highest single-day consumption ever recorded. The previous ...

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