On the New York Mercantile Exchange (NYMEX), prices remained at the consistently low level across Henry Hub, PG&E Citygate, and Chicago Citygate. Northeastern Gas, as represented by Transco Zone 6, was $8.41 USD/bbl as of January 23, 2015, where (EIA) prices rose in anticipation of a blizzard.
When compared to the first 23 days of December 2014, the average prices decreasedas temperatures warmed and demand declined. Prices fell from $4.20 USD/MMBtu in Chicago to $3.17 USD/MMBtu, from $3.65 USD/MMBtu in Henry Hub to $2.96 USD/MMBtu, and from $3.65 USD/MMBtu in California’s PG&E Citygate to $2.96 USD/MMBtu. Comparing January 2015 prices to last year’s prices, monthly average gas prices decreased in New York’s Z6, Chicago Citygates, Henry Hub, and PG&E by 27%, 27%, 32%, and 28%, respectively. In the first three weeks of January 2015, Transco Zone 6 was the most volatile hub with prices ranging from $6.4 USD/MMBtu on January 12 to $8.5 USD/MMBtu on January 23.
Data Sources: ICE