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Energy-Tel, LLC - Energy Update - August 1 2013

- Friday, August 02, 2013

The Henry Hub spot pricing closed this week (Wednesday, July 31) at $3.46 per MMBtu down 24 cents from last week’s $3.70 (Wednesday, July 24).  The NYMEX near-month (September 2013) fell 25 cents from $3.98 MMBtu to $3.3.446 MMBtu this Wednesday.

 

According to BENTEK Energy LLC estimates there was an increase in Residential/Commercial consumption of 7.8% and an increase in Industrial consumption of 2.1%. Power sector consumption decreased 16.3%.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 2,845 Bcf on Friday, July 26.  Stocks were down 11.5% from last year at the same time and 1.2% below the 5 year average.

 

Please feel free to give me a call to discuss any questions you may have about your specific energy plan.

 

Tony Gattuso

(800)708-3086

 

**This analysis contained herein is based upon information Energy-Tel, LLC reasonably believes to be accurate.  However, they do not guarantee the accuracy of the analysis.**

 

THE LAST WORD:  :   “Price is what you pay. Value is what you get.”                                                        Warren Buffett




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