Wednesday, April 03, 2019
Pacific Northwest sees highest daily natural gas spot prices in the U.S. since 2014
Pacific Northwest sees highest daily natural gas spot prices in the U.S. since 2014
Natural gas spot prices at the Sumas trading point on the Canada-Washington border averaged $161.33 per million British thermal units (MMBtu) on Friday, March 1, the highest daily spot price recorded by Natural Gas Intelligence anywhere in the United States in at least five years. The price spike was caused by regional supply constraints and unseasonably cold temperatures.
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Natural gas spot prices at the Sumas trading point on the Canada-Washington border averaged $161.33 per million British thermal units (MMBtu) on Friday, March 1, the highest daily spot price recorded by Natural Gas Intelligence anywhere in the United States in at least five years. The price spike was caused by regional supply constraints and unseasonably cold temperatures.
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