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Energy-Tel, LLC - Energy Update October 10 2013

- Friday, October 11, 2013

The Henry Hub spot pricing closed this week (Wednesday, October 9) at $3.70 per MMBtu up 9 cents from last week’s $3.61 per MMBtu (Wednesday, October 2). The NYMEX near month (November 2013) price rose from $3.542 MMBtu (Wednesday, October 2) to $3.679 MMBtu this Wednesday, an increase of 13.7 cents.

 

According to BENTEK Energy LLC estimates there was an increase in total consumption in all sectors this week of 3.3%.  Consumption in the Residential/Commercial sector was up. The Power Sector showed a 3.0% increase. 

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,577 Bcf on Friday, October 4.  Stocks were down 3.7% from last year at the same time and 1.6% 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: “The only limits are, as always, those of vision.”James Broughton

 

 

 




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