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Energy-Tel, LLC - Energy Update Sept 19 2013

- Friday, September 20, 2013

The Henry Hub spot pricing closed this week (Wednesday, September 18) at $3.71 per MMBtu up 11 cents from last week’s $3.60 per MMBtu (Wednesday, September 11). The NYMEX  near month (October 2013) price rose from $3.567 MMBtu (Wednesday, September 11) to $3.713 MMBtu this Wednesday.

 

According to BENTEK Energy LLC estimates there was a decrease in total consumption in all sectors this week of 4%. Noticeably consumption in the Residential/Commercial sector increased 20.9%.  Consumption in the Power sector decreased 16.1%.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,299 Bcf on Friday, September 13.  Stocks were down 5.4% from last year at the same time and 0.5% 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: :  “Sometimes the questions are complicated and the answers are simple.”  Dr. Seuss

 

 




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