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Energy-Tel, LLC - Energy Update August 22 2013

- Friday, August 23, 2013

The Henry Hub spot pricing closed this week (Wednesday, August 21) at $3.51 per MMBtu up 15 cents from last week’s $3.36 (Wednesday, August 14).  The NYMEX near-month (September 2013) rose 12 cents from $3.342 MMBtu to $3.460 MMBtu this Wednesday.

 

According to BENTEK Energy LLC estimates there was total decrease in all sectors this week of 4.5%.. Noticeably consumption in the Power sector fell 8.4%.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,063 Bcf on Friday, August 16.  Stocks were down 7.4 % (245 Bcf) from last year at the same time and 1.5% (44 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: :   “Work like you don't need the money, love like you've never been hurt and dance like no one is watching.”   

Randall G Leighton

 

 




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