The turn of the new year did nothing to stop the downward move in natural gas prices, with the prompt month February contract currently down nearly 6 cents as of this writing. It is not too difficult to see why when taking a look at the latest weather forecast maps.
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That is a lot of warmth at typically our coldest time of the year, not good if looking for above normal natural gas demand, as our forecast Gas-Weighted Degree Day (GWDD) chart shows relative to normal.
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While weather wins at this time of the year, it is interesting that we still are seeing production at levels well under the high set in late November.
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