Winter Is Coming

Quite frankly, this could be a very expensive year for natural gas in the cold weather. But right now, we still have plenty of supply in the United States. The differential between U.S. gas prices and some of the prices we see, for example, in Rotterdam, is quite drastic. That has been the case for a while, and that’s more likely than not only going to continue to get worse.

All things being equal, we continue to bounce around between $2.80 on the bottom and $3.00 on the top. We are getting ready to roll over into the November contract in about 10 days or so. That could provide a little bit of a boost for pricing because, in November, we are going to be needing more natural gas for heating.