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re: Hot Take: Natural gas prices do not coorelate with temp

Posted on 2/26/24 at 10:46 am to
Posted by hubertcumberdale
Member since Nov 2009
6616 posts
Posted on 2/26/24 at 10:46 am to
quote:

Your observation about natural gas prices and weather patterns is spot on. It's wild how temperature extremes don't always translate to price fluctuations in the natural gas market. Reminds me of a time when I was chatting with a friend who works in the industry. We were discussing how unpredictable it can be. Even during chilly spells, prices don't always follow suit. BTW, I stumbled upon some interesting insights about this on a site called oilandgasinvestmentfunds.com.


I believe extreme, unexpected, weather events do move prices quite a bit but the key word here is unexpected aka not priced in to the future market
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