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Energy-Tel, LLC - Energy Update August 7 2013

- Friday, August 09, 2013

The Henry Hub spot pricing closed this week (Wednesday, August 7) at $3.32 per MMBtu down 14 cents from last week’s $3.46 (Wednesday, July 31).  The NYMEX near-month (September 2013) fell 20 cents from $3.446 MMBtu to $3.247 MMBtu this Wednesday.

 

According to BENTEK Energy LLC estimates there was a decrease in Residential/Commercial consumption of 6.8% and a decrease in Industrial consumption of 0.4%. Power sector consumption increased 5.6% from last week.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 2,941 Bcf on Friday, August 2.  Stocks were down 9.2% from last year at the same time and 0.7% 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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