Thursday, December 22, 2016

Natural Gas, Gasoline Demand -- December 22, 2016

Natural gas, prices leap -- from print edition, WSJ:
Natural-gas prices rose Wednesday (yesterday) more than in an session since last year, with traders betting that winter cold is eating into a longstanding glut. Data points:
  • up 27.9 cents in last session; 8.6%
  • up to $3.542 / Btu
  • largest gain by percentage since December 28, 2015
  • largest gain by dollar value since January, 2015
Natural gas drawdown -- from CNBC a few minutes ago (9:37 a.m.):
most recent report:
  • 209 bcf drawdown (dynamic link here)
  • about 4x y-o-y (same time last year)
  • about 2x 5-year average
  • prices: big move over last three months -- about a 20% increase over past 3 months
New England natural gas -- ISO Express (dynamic link here)


Gasoline demand (we've discussed the relationship between job reports and gasoline demand before):


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