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Energy-Tel, LLC - Energy Update August 29 2013

- Friday, August 30, 2013

The Henry Hub spot pricing closed this week (Wednesday, August 28) at $3.54 per MMBtu up 3 cents from last week’s $3.51 (Wednesday, August 21).  The NYMEX near-month (September 2013) rose 9 cents from $3.460 MMBtu to $3.567 MMBtu this Wednesday.

 

According to BENTEK Energy LLC estimates there was total increase in all sectors this week of 2.6%.. Noticeably consumption in the Power sector increased 8.5% which was offset by decreases in the Residential/Commercial and Industrial sectors

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,130 Bcf on Friday, August 23.  Stocks were down 7.0% (235 Bcf) from last year at the same time and 1.5% (45 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.**

 

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