September Natural Gas Bidweek Ends Lower Amid Summer’s Quick Exit

By Chris Newman

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Published in: Bidweek Alert Filed under:

September baseload natural gas prices showed some modest gains day/day on the last day of bidweek trading Wednesday, but not enough to reverse a downward trend from August as prices reflected summer’s demand firmly in the rearview mirror.

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The weakness in baseload prices came as earlier forecasts calling for “an extended summer” for much of the country into September gave way to cooler iterations.

“September is forecast as the coolest in over a decade,” EBW Analytics Group senior analyst Eli Rubin said.

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Chris Newman

Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.