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Energy-Tel, LLC - Energy Update September 12 2013

- Friday, September 13, 2013

The Henry Hub spot pricing closed this week (Wednesday, September 11) at $3.60 per MMBtu down 8 cents from last week’s $3.68 (Wednesday, September 4).  The NYMEX near-month (October 2013) fell from $3.683 MMBtu (Wednesday, September 4) to $3.567 MMBtu this Wednesday.

 

According to BENTEK Energy LLC estimates there was total increase in all sectors this week of 1.1%.. Noticeably consumption in the Residential/Commercial sector increased 6.6%.  Consumption in the Power sector decreased 0.9%.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,253 Bcf on Friday, September 6.  Stocks were down 5.0% from last year at the same time and 1.4% 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 best way to predict the future is to create it.” – Peter Drucker




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