• Colder than normal weather is being projected by NOAA for all but the Southeast Coast of the period February 2 – 8. NOAA’s Seasonal Outlook for February – April projects warmer than normal weather for the South and East Coast but colder than normal for the Northwest with normal temps in the Central states.
  • The February natural gas contract fell $0.24/MMBtu on mild weather.
  • January day ahead prices are running 67% lower than last year.
  • 91 Bcf were withdrawn from storage during the week ending 1/20/23. The withdrawal was 94 Bcf lower than the five-year average and roughly 8 Bcf higher than expectations.