The Energy Information Administration released their weekly report yesterday.
The Pacific Region slipped to -8.3% from last week's -7.9% last week's numbers, although year ago numbers edged up to -13.1% from -13.4%
Across much of the West, prices increased this week, particularly in California. In the Rocky Mountain region, the price at Cheyenne Hub in southeast Wyoming rose 16 cents from $2.24/MMBtu last Wednesday to $2.40/MMBtu yesterday. In California, the price at PG&E Citygate in Northern California rose 40 cents, up from $4.89/MMBtu last Wednesday to $5.29/MMBtu yesterday. The price at SoCal Citygate in Southern California increased $6.69 from $5.64/MMBtu last Wednesday to $12.33/MMBtu yesterday.
Ouch!!
It should be noted that while percent of capacity is high... that capacity is generally only about a 3 month supply. It is much better than years past, but still dependent on weather and geo-politics.
Total EU rose to 84.49%, from last week's 82.53%.
Snapshot of the past, the current and the future outlook for prices.
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