This week, prices fell due to moderate temperatures and the end of Tropical Storm Chris' threat to the Gulf of Mexico production area. On August 9, the Henry Hub natural gas spot price was $7.59 per million British thermal units (mmBtu), which was $1.06 or 12 percent less than the price of $8.65 last Wednesday. This Wednesday's price of $7.59 was $1.22 lower than the price of $8.81 per mmBtu on the second Wednesday in August, 2005.
The amount of natural gas in storage in the East Region decreased one billion cubic feet (or 0.06 percent) to 1,554 billion cubic feet for the week ending August 4, which was 212 billion cubic feet above the five-year average. Nebraska is a part of the East Region (see map) which is a major natural gas consumer, particularly in the residential and commercial sectors. The industrial sector, which includes agriculture, is also a major consumer in this state. Most of the gas is supplied from the Producing Region with a fair amount imported from Canada. The Henry Hub in southern Louisiana is a major market center with interconnections for many of the pipelines that transport U.S.-produced gas to the East Region. Furthermore, the Henry Hub is the preferred reference point for prices for most of the domestic gas destined for the East. Therefore, market conditions and developments in the East Region and price movements and trends at the Henry Hub are usually highly correlated.
Notes: An archive is available. Divide the price by ten (10) to obtain the price per hundred cubic feet (ccf) or the approximate price per therm.
Day | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Note: NA = Not available. | ||||||||||||
1 | $8.71 | $6.62 | $6.54 | $6.24 | $8.67 | NA | NA | NA | ||||
2 | Holiday | $8.00 | $6.69 | $6.68 | $6.23 | $8.65 | NA | NA | ||||
3 | $9.91 | $8.01 | $6.59 | $7.05 | $6.56 | Holiday | $7.61 | NA | NA | |||
4 | $9.25 | $7.02 | $6.46 | Holiday | $7.44 | NA | NA | NA | ||||
5 | $9.23 | $6.88 | $6.80 | $6.41 | $5.71 | NA | NA | NA | ||||
6 | $9.28 | $8.26 | $6.49 | $7.05 | $6.16 | $5.28 | NA | NA | NA | NA | ||
7 | $7.73 | $6.53 | $6.80 | $5.82 | $5.18 | $6.98 | NA | NA | NA | |||
8 | $7.88 | $6.48 | $6.54 | $5.85 | $7.06 | NA | NA | NA | ||||
9 | $8.80 | $7.56 | $6.31 | $6.56 | $6.10 | $7.59 | NA | NA | ||||
10 | $8.60 | $7.56 | $6.40 | $6.83 | $6.50 | $5.32 | NA | NA | NA | |||
11 | $8.55 | $6.99 | $6.81 | $5.52 | NA | NA | NA | NA | ||||
12 | $8.70 | $6.79 | $6.35 | $6.02 | $5.65 | NA | NA | NA | ||||
13 | $8.53 | $7.36 | $6.76 | $6.67 | $5.95 | $5.93 | NA | NA | NA | NA | ||
14 | $7.03 | $7.14 | Holiday | $6.09 | $6.28 | NA | NA | NA | NA | |||
15 | $7.31 | $7.10 | $5.92 | $6.43 | NA | NA | NA | NA | ||||
16 | Holiday | $7.16 | $7.12 | $5.99 | $7.04 | NA | NA | NA | ||||
17 | $8.81 | $7.38 | $7.17 | $7.22 | $6.16 | $6.27 | NA | NA | NA | |||
18 | $8.85 | $7.61 | $5.78 | $6.02 | NA | NA | NA | NA | ||||
19 | $8.21 | $7.72 | $5.77 | $6.71 | $5.89 | NA | NA | NA | ||||
20 | $8.78 | Holiday | $7.00 | $7.96 | $6.62 | $6.15 | NA | NA | NA | NA | ||
21 | $7.40 | $6.83 | $7.64 | $6.50 | $5.90 | NA | NA | NA | NA | |||
22 | $7.54 | $7.07 | $5.90 | $6.51 | NA | NA | NA | NA | ||||
23 | $8.29 | $7.23 | $7.16 | $6.27 | $6.14 | NA | NA | NA | ||||
24 | $8.25 | $7.40 | $7.43 | $7.73 | $6.01 | $6.33 | NA | NA | NA | |||
25 | $8.50 | $7.37 | $5.86 | $6.78 | NA | NA | NA | NA | ||||
26 | $7.85 | $7.18 | $5.78 | $5.89 | $6.71 | NA | NA | NA | ||||
27 | $8.18 | $6.97 | $7.06 | $6.93 | $5.97 | $7.03 | NA | NA | NA | NA | ||
28 | $6.68 | $7.15 | $6.65 | $6.04 | $7.25 | NA | NA | NA | NA | |||
29 | $7.16 | Holiday | $6.09 | NA | NA | NA | NA | |||||
30 | $8.35 | $7.18 | $6.21 | $5.83 | NA | NA | NA | |||||
31 | $8.73 | $6.98 | $5.97 | $8.05 | NA | NA |
Sources: Natural Gas Weekly Update. Energy Information Administration, Washington, DC. Nebraska Energy Office, Lincoln, NE.
This report was updated on August 15, 2006.
Typically, there is one week between updates.