On the New York Mercantile Exchange (NYMEX), prices at Henry Hub, Transco Zone 6, and Chicago remained relatively constant at just below 3 USD/MMBtu throughout the first three weeks of June 2015. PG&E, on the other hand, floated above the 3 USD/MMBtu mark with prices ranging from 3.14 USD/MMBtu on June 1, 2015, to 3.36 USD/MMBtu on June 10, and settling at 3.20 USD/MMBtu on June 22. Prices at Transco Zone 6 followed a similar trend, beginning the month at 2.17 USD/MMBtu before dropping to 1.90 USD/MMBtu on June 5, and increasing to 2.39 USD/MMBtu on June 10, before settling at 2.15 USD/MMBtu over the course the last four days of June 2015 as temperatures increased.
When compared to the first 22 days of May 2015, the average prices fell. Prices decreased from 2.88 USD/MMBtu in New York’s Transco Zone 6 to 2.76 USD/MMBtu, from 2.81 USD/MMBtu in Chicago to 2.66 USD/MMBtu, from 2.88 USD/MMBtu in Henry Hub to 2.76 USD/MMBtu, and from 3.37USD/MMBtu in California’s PG&E Citygate to 3.23 USD/MMBtu. Comparing June 2015 prices to the same period last year, monthly average gas prices decreased in New York’s Z6, Chicago Citygates, Henry Hub, and PG&E by 41%, 41%, 40%, and 37%, respectively.
Data Sources: ICE