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SELECTED PRESS RELEASE:
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posted on:
6/2/2012 6:48:55 PM EST
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Natural Gas update 6/1/2012
energy comparison sites
 VISIT WEBSITE (learn more)
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If you are looking for the cheapest gas supplier or cheapest electricity supplier visit
www.energycomparisonsiteus.com the only energy comparison site to have open bidding. For a video explanation… www.ibosocial.com/mgrimes
From Gerry Herr- Nordic Energy
Market- The June natural gas futures contract expired Tuesday at $.2429 per therm; July is now the front month. The natural gas market traded lower this week and over-supply is keeping prices low. This week was another storage injection. We still have more gas in storage than last year and the 5 year average. The US gas traditional rig count was a decrease this week of 6 and horizontal drilling decreased 2 rigs. Prices continue to be tempered by flat industrial demand; but the economy is improving. Gas production levels due mostly to shale drilling are still strong and exports continue. Natural gas is very attractive to fix at this time.
The Crude oil price for July is lower this week at $86.55 per barrel. Heating oil is lower at $2.71 per gal. Unleaded gasoline futures are lower this week at $2.72 and gasoline at the pump is around $3.65…in Indiana. The natural gas storage report today was an injection of 71 BCF; storage is 732BCF higher than last year and 7
Mike Grimes
President
Commercial Energy Consultants
877-212-1400
314-212-1401 Fax
314-608-3279 Cell
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