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Energy-Tel, LLC - Energy Update August 15, 2013

- Friday, August 16, 2013

The Henry Hub spot pricing closed this week (Wednesday, August 14) at $3.36 per MMBtu up 4 cents from last week’s $3.32 (Wednesday, August 7).  The NYMEX near-month (September 2013) rose 10 cents from $3.247 MMBtu to $3.342 MMBtu this Wednesday.

 

According to BENTEK Energy LLC estimates there was an increase in Residential/Commercial consumption of 1.6% and an increase in Industrial consumption of 0.1%. Power sector consumption increased 1.8% from last week.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,006 Bcf on Friday, August 9.  Stocks were down 7.7 % (252 Bcf) from last year at the same time and 1.5% (43 Bcf) above 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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