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Energy-Tel, LLC - Energy Update October 24 2013

- Friday, October 25, 2013

The Henry Hub spot pricing closed this week (Wednesday, October 23) at $3.66 per MMBtu down 19 cents from last week’s $3.85 per MMBtu (Wednesday, October 17). The NYMEX near month (November 2013) price fell 4% to close at $3.619 MMBtu this Wednesday at $3.619 MMBtu.


According to BENTEK Energy LLC estimates there was an increase in total consumption in all sectors this week of 9.4%.  Consumption in the Residential/Commercial sector was up 30.4%. While thePower Sector showed a 2.7% decrease. 


According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,741 Bcf on Friday, October 18.  Stocks were down 2.4% from last year at the same time and 2.1% 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



**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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