Cooking With Natural Gas Feb 9 2023

The Energy Information Administration released their weekly report Thursday.

Natural Gas storage is still within 5 year range for the USA.

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There was quite a drop in this last reporting period, but still remains in good shape on the 5 year scale.

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As for pricing, the Northeast and West Coast saw significant drops in prices, as outlined in the report. Generally speaking, the prices in the USA fell back to seasonal norms of 2 years ago. 

The situation in Europe has seen prices fall dramatically, but still quite elevated... compared to 2 years ago. 

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In any event, the winter has been mostly mild and translated into less than expected drawdowns. HOWEVER, no one can forecast next winter's weather, so expect some upward movement in Natural Gas prices... come mid summer.