US natural gas prices will rise to between $4 and $5/MMBtu this winter if, as expected, the country sees a return to normal temperatures, consultant ICF said.
At a winter fuels conference in Washington, ICF Vice President Bruce Henning said his company is forecasting an average US heating loads of 36.6 Bcf/d this winter, up from 30.3 Bcf last year, when much of the US experienced a mild winter. ....
... In addition, ICF said New England might see some natural gas price spikes this winter because "pipelines may not be able to serve all of the electric generation load requesting interruptible service," Henning said.
Also on Wednesday, the US The US Energy Information Administration predicted a 15% increase in home gas heating bills because of expected cooler weather this winter.We'll see. I'm not holding my breath.
CNP hit a 52-week high today. (Note disclaimer: this is not an investment site; don't make any investment decisions on what you read here.)
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