- Natural gas NYMEX is up for the third month in a row to $2.95/MMBTU
- Natural gas prices are up $.25/MMBTU in the past 30 days
- Supply/Demand balance week ending May 31: Supply of 85.7 bcf/day – demand 72 bcf/day = 13.7 bcf/day injected into storage
- Hot weather will increase power demand of natural gas
- Key question: Will the storage deficit be gone before winter if demand continues to increase faster than new supply?