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Energy-Tel, LLC - Energy Update June 27 2013

- Friday, June 28, 2013

The Henry Hub spot pricing closed this week (Wednesday, June 26) at $3.72 per MMBtu, down 21 cents from last week’s $3.93 (Wednesday, June 19).  The NYMEX near-month July 2013 which expired this week fell from $3.963 per MMBtu to $3.707per MMBtu.

 

According to BENTEK Energy LLC estimates there was a 3.0% increase in domestic consumption, driven by a 11.1% increase in the power consumption. Increases in the electric generation offset decreases in industrial, residential and commercial consumption

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 2,533 Bcf on Friday, June 21.  Stocks were down 522 Bcf (17.1%) from last year at the same time and 3.1 Bcf  (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:  Life is all memory, except for the present moment that goes by you so quick you hardly catch it going. ” Tennessee Williams




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