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re: Hot Take: Natural gas prices do not coorelate with temp
Posted on 1/17/24 at 12:30 am to Saunson69
Posted on 1/17/24 at 12:30 am to Saunson69
Winter natural gas prices correlate with the long range forecast more than the current weather.
Also, keep in mind that you’re rarely seeing a quote for spot NG. It’s almost always a future contract that understandably won’t correlate with current temps.
Lastly, the above explains why you’re wrong. NG spot prices hit their highest price since 2021 today. Spot prices spiked over 300% since Thursday to over $13.
Also, keep in mind that you’re rarely seeing a quote for spot NG. It’s almost always a future contract that understandably won’t correlate with current temps.
Lastly, the above explains why you’re wrong. NG spot prices hit their highest price since 2021 today. Spot prices spiked over 300% since Thursday to over $13.
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