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GasBuddy News Article

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U.S. GAS: Gas Jumps 3% on Forecast of Colder Weather

Dow Jones Newswires -- Natural-gas futures jumped Tuesday to a new 12-month high in anticipation of a natural-gas-storage report expected to show a decline due to cold weather.

Natural gas for December delivery rose 11.3 cents, or 3%, to settle at $3.832 a million British thermal units on the New York Mercantile Exchange.

Market participants and analysts said Tuesday's market was bidding up the fuel in light of consensus expectations Wednesday's natural-gas inventory report would show a withdrawal.

A Dow Jones Newswires survey of 13 analysts and traders showed expectations for a withdrawal of 27 billion cubic feet of gas compared with the five-year average of a 3 billion cubic feet storage injection.


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Submitted Nov 21, 2012 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: U.S. GAS: Gas Jumps 3% on Forecast of Colder Weather Back to Topics
REPLIES (newest first) Post a Reply
sjf238
Champion Author Philadelphia

Posts:1,215
Points:650,655
Joined:Mar 2011
Message Posted: Nov 22, 2012 2:07:34 PM

so silly. We have tons of gas here in the USA. The next step is to export it to drive the price up even higher.
DanMtz
Champion Author Oakland

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Message Posted: Nov 22, 2012 9:29:45 AM

That's OK, it's still cheap.
blupupher
Champion Author Houston

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Message Posted: Nov 22, 2012 8:02:08 AM

no jump here yet
BEGTWO
Champion Author Maryland

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Message Posted: Nov 22, 2012 6:59:56 AM

Not Good!!! :-(
gs7101
Champion Author San Antonio

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Message Posted: Nov 22, 2012 5:31:03 AM

Winter is approaching -- no big surprise here!
Bill100
Champion Author Grand Rapids

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Message Posted: Nov 22, 2012 3:47:42 AM

Someone's faorcasting colder weather? Must be they weren't figuring on it this winter.
jrs4125
Champion Author Indiana

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Message Posted: Nov 22, 2012 3:16:17 AM

Just in time for winter
Zonk
Champion Author Michigan

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Message Posted: Nov 21, 2012 11:26:53 PM

|Hard to believe the projected data, especially when compared with the five year average.
jorod55
Champion Author California

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Message Posted: Nov 21, 2012 11:24:35 PM

Market speculators and analysts we all thank you very much.
And I'm sure that Boon and Aubry thank you too.
ruca2012
Champion Author San Diego

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Points:351,545
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Message Posted: Nov 21, 2012 11:14:09 PM

we ahve plenty of natural gas , why raise the price when the economy is bad and many people can bearly pay their mortgage. greedy company's
VikingWoman
Champion Author Washington

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Message Posted: Nov 21, 2012 11:10:09 PM

If we could only tap all those other great sources of natural gas that walk around - the cropdusters of the office and other places - the speculators would be brokenhearted.
jrschl
Champion Author Louisville

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Message Posted: Nov 21, 2012 11:07:51 PM

Watched "Gasland" this past week. Makes me think about NG differently.
mrreferee
Champion Author Savannah

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Message Posted: Nov 21, 2012 10:59:29 PM

gas jumps when someone farts in their office
mia3bxs
All-Star Author Miami

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Message Posted: Nov 21, 2012 10:59:23 PM

Great! Speculation driving up the price.
mstearno
Champion Author Dayton

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Message Posted: Nov 21, 2012 10:56:03 PM

always comes always jumps
who uses heating oil anyways.....
PrettyLittleLady
Champion Author Modesto

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Message Posted: Nov 21, 2012 10:55:45 PM

come see come saw.
OGW
Champion Author London

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Message Posted: Nov 21, 2012 10:53:47 PM

What a surprise, did they not know winter comes this time of year?
s6sputnik
Champion Author Austin

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Message Posted: Nov 21, 2012 10:50:11 PM

Ok
jrsva
Champion Author Virginia

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Message Posted: Nov 21, 2012 10:50:03 PM

“Up 32 cents here, now $3.59.”

Try at least glancing at the article before commenting, You’re quoting a price for gasoline but this article is about natural gas.
jrsva
Champion Author Virginia

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Message Posted: Nov 21, 2012 10:44:03 PM

“. . . empirical data that shows we haven't been warming for around the last 12 years.”

Ummmm, wrong adjective. That’s imaginary data, not empirical data. The ten warmest years in recorded history occurred in the last 12 years. Sea ice on the Arctic ocean covers less and less area every year and glaciers have been in continuous retreat for decades.

abcdMA
Champion Author Worcester

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Message Posted: Nov 21, 2012 10:43:58 PM

aw come on now
WalkingWV
Champion Author West Virginia

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Message Posted: Nov 21, 2012 10:42:00 PM

Up 32 cents here, now $3.59.
camel1
Champion Author Minnesota

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Message Posted: Nov 21, 2012 10:41:39 PM

any reason to increase prices. create a shortage with alleged huge quantities on hand or readily available
Ahking
Champion Author Orange County

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Message Posted: Nov 21, 2012 10:41:13 PM

If congress wants to hold hearings on exaggerated gas mileage claims, they definitely should look into this kind of price jumps.
Aviator_Rob
Champion Author New York

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Message Posted: Nov 21, 2012 10:39:40 PM

I'd get that wood-burning stove now, @Cellsite. Start burning your dead leaves in the Fall for heat and any trees that have been blown over by all the wild weather we've been having.
Aviator_Rob
Champion Author New York

Posts:7,622
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Joined:Mar 2012
Message Posted: Nov 21, 2012 10:37:12 PM

Don't be so sure, @bvrbill. All this fracking has only bought us a decade or so of increased gas production. After 2020, U.S. production will start to decline again.
Cellsite
Champion Author Appleton

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Message Posted: Nov 21, 2012 10:36:43 PM

Just a drop in the bucket compared to how high NG prices will soar when it takes off as a motor fuel. Better start pricing wood burning stoves now.
abcdMA
Champion Author Worcester

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Message Posted: Nov 21, 2012 10:34:43 PM

anything can force prices up
bvrbill
Champion Author Eugene

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Message Posted: Nov 21, 2012 10:33:55 PM

At least we won't be running out Nat Gas any time soon.
Aviator_Rob
Champion Author New York

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Message Posted: Nov 21, 2012 10:31:21 PM

@FlogNut, I have a feeling you wouldn't recognize empirical data if it bit you on the butt. You're clinging to the one study that conveniently supports what you want to believe. Unfortunately, the other 12 studies conducted disagree with your one outlier.
mcmonsta
Champion Author Honolulu

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Message Posted: Nov 21, 2012 10:30:08 PM

yep...it's pay or freeze!
Aviator_Rob
Champion Author New York

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Message Posted: Nov 21, 2012 10:28:25 PM

@texasvet, everyone roots for Global Warming when it's cold outside but nobody seems to feel that way when it's 105 degrees for a month straight in the Lone Star state.
drz614
Champion Author Harrisburg

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Message Posted: Nov 21, 2012 10:26:56 PM

ok
FlogNut
Champion Author Chicago

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Message Posted: Nov 21, 2012 10:26:48 PM

jrsva - When it comes to Global Warming I'd say the idiots are those who refuse to look at the empirical data that shows we haven't been warming for around the last 12 years. The Global Warming computer models for many years have been telling us about a hot spot in the troposphere near the equator. But all the actual measurements never seem to find that hot spot.
The3rd
Champion Author Jacksonville

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Message Posted: Nov 21, 2012 10:26:33 PM

Just as the prices were dropping a Holiday comes along and up go the prices...........
Cyberkedi
Champion Author Atlanta

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Message Posted: Nov 21, 2012 10:25:11 PM

Yeah, the hogs hiked 'em up for the holiday. Thanks for nothing!
tco9436
Champion Author Connecticut

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Message Posted: Nov 21, 2012 10:24:44 PM

Another complete joke!!!!!!!!! On us!!!
bonzoonfmb
Champion Author Florida

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Message Posted: Nov 21, 2012 10:23:10 PM

Gas prices are too high.
jrsva
Champion Author Virginia

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Joined:Jan 2006
Message Posted: Nov 21, 2012 10:20:15 PM

“More colder weather. What happened to ‘Global Warming’?"

Lord deliver us from idiots like this. The earth’s climate is changing over decades, not weeks or months. We will still have cold weather in winter and hot weather in summer and not every year will be warmer than the year before. Anyone who is not trapped in the Fox Noise bubble can examine the record and see that the climate has changed substantially over the past century.

shari128
All-Star Author Iowa

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Message Posted: Nov 21, 2012 10:16:48 PM

I hope they are wrong about the gas prices, & also about the weather.
dlemma
Champion Author Wyoming

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Joined:Feb 2008
Message Posted: Nov 21, 2012 10:15:59 PM

That's how the spot market works.
MidNJ
Champion Author New Jersey

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Message Posted: Nov 21, 2012 10:15:49 PM

John,

It is not about global warming, it is about climate change, and more.

Please update your data to go beyond 2007.
Johnnyrebell12
Champion Author Massachusetts

Posts:1,542
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Message Posted: Nov 21, 2012 10:15:17 PM

If it wasn't the cold weather they'd fine some other reason to increase the price
wayoung56
Champion Author Alabama

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Message Posted: Nov 21, 2012 10:13:43 PM

Figures, business as usual for the speculators...
Fitwit
Champion Author Stockton

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Message Posted: Nov 21, 2012 10:10:10 PM

Please, I haven't had a chance to take advantage of the low price yet.
mlmeng
Champion Author Michigan

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Joined:Mar 2011
Message Posted: Nov 21, 2012 10:09:50 PM

Well said John747.
LQQKGAS
Champion Author Phoenix

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Message Posted: Nov 21, 2012 10:08:38 PM


Just wait for the price jump when NAT GAS becomes a popular auto fuel.
weenerdog
Champion Author Detroit

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Message Posted: Nov 21, 2012 10:02:46 PM

on a forecast?
camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Nov 21, 2012 10:01:58 PM

typical....
John747
Champion Author Chicago

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Message Posted: Nov 21, 2012 10:01:23 PM

More colder weather. What happened to "Global Warming?"
OrangeBarrels
Champion Author Chicago

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Joined:Jun 2006
Message Posted: Nov 21, 2012 9:59:13 PM

Wow, I can predict cooler weather is coming too considering it's almost winter.
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