Shoulder Season Supply Build Outpaces Heat to Pressure Natural Gas Forward Prices
Natural gas forward prices slid during the May 8-14 trading period as the market awaited the start of summer to slow a rapid rise in storage levels this shoulder season.

June fixed prices at benchmark Henry Hub fell by 12.5 cents for the period to finish at $3.494/MMBtu. That echoed a sell-off in Nymex futures over the same time frame, NGI’s Forward Look data show.
All Lower 48 hubs followed the national benchmark lower, with fixed prices down by an average 20.2 cents during the period. Leading the way lower were prices in West Texas.