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Rich Asplund

Nat-Gas Prices Surge on Forecasts for Hot Temps to Return to East Coast

Maxar Technologies Nymex Electricity United States the East Coast BNEF Natural Gas

September Nymex natural gas (NGU23) on Monday closed +0.148 (+5.74%).

Nat-gas prices Monday rallied sharply to a 1-1/2 week high on the outlook for excessive heat to return to the East Coast, which will boost nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said the latest forecasts show heat building in the West and Southwest, with above-normal temperatures spreading to the East Coast from August 12-16.

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