Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:17 PM

GasBuddy News Article

35
votes
Natural gas extends losses on rising U.S. inventory levels

Investing dot com -- Natural gas price carried Thursday's losses into Friday after official data revealed the stockpiles in the U.S. rose more than expected last week.

In the New York Mercantile Exchange, natural gas futures for delivery in July traded at USD3.785 per million British thermal units, down 2.39%.

The commodity hit a session low of USD3.767 and a high of USD3.904.

The U.S. Energy Information Administration said in its weekly report on Thursday that natural gas storage in the U.S. in the week ended June 14 rose by 91 billion cubic feet, above market expectations for an increase of 90 billion.

Inventories rose by 63 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a rise of 80 billion cubic feet.

Total U.S. natural gas storage stood at 2.438


Read the Full Article

Submitted Jun 22, 2013 By: kx250
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Natural gas extends losses on rising U.S. inventory levels Back to Topics
REPLIES (newest first) Post a Reply
niceguytx
Champion Author Houston

Posts:16,886
Points:3,481,105
Joined:Sep 2005
Message Posted: Jun 29, 2013 1:43:35 PM

I hope prices fall soon.
honda0105
Champion Author Tallahassee

Posts:24,034
Points:2,385,890
Joined:Nov 2008
Message Posted: Jun 28, 2013 5:47:05 AM

well, 032, it probably won't be coming down at the end consumers' level for a while. We know how much PigOil loves profits.
032946
Champion Author Twin Cities

Posts:23,135
Points:4,784,690
Joined:Oct 2001
Message Posted: Jun 23, 2013 5:45:16 PM

What I get charged for natural gas hasn't gone down.
52MPG
Champion Author Dayton

Posts:10,495
Points:2,516,350
Joined:Apr 2006
Message Posted: Jun 23, 2013 11:12:37 AM

Market forces at work.
Tiernan
Champion Author Chicago

Posts:6,640
Points:1,591,210
Joined:Sep 2005
Message Posted: Jun 23, 2013 12:43:47 AM

Hopefully we'll be able to benefit from this.
goldseeker
Champion Author West Virginia

Posts:23,701
Points:3,491,180
Joined:Sep 2005
Message Posted: Jun 23, 2013 12:21:44 AM

Who cares?
Double_Golden
Champion Author San Francisco

Posts:4,086
Points:1,153,655
Joined:Aug 2011
Message Posted: Jun 23, 2013 12:13:41 AM

whatever...
billwho
Champion Author El Paso

Posts:3,103
Points:933,355
Joined:Jan 2010
Message Posted: Jun 23, 2013 12:13:00 AM

Fact that the EIA is a governmental group in its self, means that they are never wrong. Right ? Let us say that I tell you that I have $2.38 in my pocket, what if I have $4.55, who is to know ?
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Jun 23, 2013 12:10:09 AM

perhaps we are more efficient now.
Tsunamiron
Champion Author Jacksonville

Posts:4,531
Points:1,322,075
Joined:Mar 2011
Message Posted: Jun 23, 2013 12:08:55 AM

Way too expensive in Florida.
heartbroken2010
Champion Author Ottawa

Posts:7,561
Points:1,672,535
Joined:Aug 2010
Message Posted: Jun 23, 2013 12:08:44 AM

Just a blip.
TedNC
Champion Author North Carolina

Posts:1,469
Points:321,840
Joined:May 2011
Message Posted: Jun 23, 2013 12:06:18 AM

Still too high.
DragonLady76
Champion Author Illinois

Posts:2,203
Points:594,380
Joined:Feb 2009
Message Posted: Jun 23, 2013 12:05:30 AM

IT HAPPENS!
TxMtb
Champion Author Ohio

Posts:4,348
Points:1,035,460
Joined:Feb 2012
Message Posted: Jun 23, 2013 12:05:06 AM

All speculation in a way.
Beboper
Champion Author Virginia

Posts:11,981
Points:2,939,815
Joined:Oct 2005
Message Posted: Jun 23, 2013 12:04:48 AM

old news
PrinceLH
Champion Author Ontario

Posts:5,947
Points:1,314,070
Joined:Jun 2011
Message Posted: Jun 23, 2013 12:04:01 AM

Right!
Toppers
Champion Author Atlanta

Posts:12,172
Points:3,241,950
Joined:Mar 2005
Message Posted: Jun 23, 2013 12:03:49 AM

Not hard to believe
mlmeng
Champion Author Michigan

Posts:4,870
Points:1,366,665
Joined:Mar 2011
Message Posted: Jun 23, 2013 12:03:31 AM

Inventories would go down if consumer cars that run on natural gas were more prevelant.
ClassicWheeler
Champion Author Montgomery

Posts:3,782
Points:1,080,500
Joined:Apr 2012
Message Posted: Jun 23, 2013 12:02:39 AM

I wonder who has their hands in this one?
bolobill
Champion Author Michigan

Posts:19,213
Points:3,945,225
Joined:Mar 2004
Message Posted: Jun 23, 2013 12:01:19 AM

ok
mstearno
Champion Author Dayton

Posts:9,680
Points:2,355,030
Joined:Jan 2008
Message Posted: Jun 22, 2013 11:56:21 PM

esting
mrbee
Champion Author Little Rock

Posts:6,999
Points:3,240,355
Joined:Oct 2005
Message Posted: Jun 22, 2013 11:49:40 PM

For now!
TheeRedRam
Champion Author Hartford

Posts:6,288
Points:1,442,645
Joined:Jun 2011
Message Posted: Jun 22, 2013 11:49:21 PM

getting crazy out there
MDTDriver
Champion Author California

Posts:11,887
Points:2,900,250
Joined:Jul 2006
Message Posted: Jun 22, 2013 11:48:30 PM

The price should go down? Right!
texashoudini
Champion Author Austin

Posts:4,193
Points:1,769,015
Joined:Jun 2009
Message Posted: Jun 22, 2013 11:47:49 PM

Gasoline inventories are also high. So........
Blue48
Champion Author Illinois

Posts:10,556
Points:2,413,520
Joined:Feb 2007
Message Posted: Jun 22, 2013 11:44:52 PM

THAT'S THE WAY IT GOES!
vjs3
Champion Author Denver

Posts:3,838
Points:1,330,515
Joined:Jun 2011
Message Posted: Jun 22, 2013 11:42:16 PM

Hope this is good news for the consumer.
rawdog1313
Champion Author Lexington

Posts:4,878
Points:2,057,370
Joined:May 2008
Message Posted: Jun 22, 2013 11:41:59 PM

OK.....
Liberty2000
Champion Author Indianapolis

Posts:2,143
Points:333,255
Joined:Jun 2007
Message Posted: Jun 22, 2013 11:39:43 PM

This can't be good! Gotta get those gas prices up.

Destroy anything that benefits the consumer.
boatmen
Champion Author New York

Posts:5,690
Points:1,283,190
Joined:Jan 2011
Message Posted: Jun 22, 2013 11:37:19 PM

should be good for end user
fowlcan
Champion Author Oklahoma City

Posts:3,781
Points:1,391,030
Joined:Feb 2011
Message Posted: Jun 22, 2013 11:33:30 PM

CNG is the way to go.
drobbbb
Champion Author Maryland

Posts:6,464
Points:1,567,675
Joined:Dec 2010
Message Posted: Jun 22, 2013 11:30:43 PM

we need cng cars and infrastructure
jnseyeongas
Champion Author Milwaukee

Posts:3,189
Points:1,221,885
Joined:Feb 2011
Message Posted: Jun 22, 2013 11:24:40 PM

Ya
Rancher23
Champion Author Cincinnati

Posts:5,639
Points:1,214,635
Joined:May 2011
Message Posted: Jun 22, 2013 11:22:04 PM

ok!
bladecutter
Champion Author Houston

Posts:8,139
Points:1,760,100
Joined:Nov 2009
Message Posted: Jun 22, 2013 11:13:27 PM

There is a lot of Natural gas out there to be sold.
methaneman
Champion Author Minnesota

Posts:5,310
Points:1,985,555
Joined:May 2002
Message Posted: Jun 22, 2013 11:09:52 PM

Use nat gas to push the price of diesel lower.
my2002m
Champion Author Tulsa

Posts:9,184
Points:2,437,515
Joined:Jul 2008
Message Posted: Jun 22, 2013 11:08:31 PM

Good news for the consumer. Need more inventory on gasoline and oil now.
foreyearrunner
Champion Author Illinois

Posts:1,071
Points:392,670
Joined:Oct 2011
Message Posted: Jun 22, 2013 11:08:21 PM

This souce is our future, we must get going with it. Using this in Semi trucks would make a big big dent in our foreign oil dependance.
darkknight1
Champion Author Winston-Salem

Posts:7,525
Points:1,668,935
Joined:Nov 2010
Message Posted: Jun 22, 2013 11:08:07 PM

ok
dbadave
Champion Author Colorado

Posts:2,022
Points:571,175
Joined:May 2008
Message Posted: Jun 22, 2013 11:07:22 PM

NG pricing plays by the supply/demand market rules? let's hope they don't take a page from the oil/gas mob.
BREW9
Champion Author Tampa

Posts:4,102
Points:3,686,660
Joined:Jun 2004
Message Posted: Jun 22, 2013 11:07:18 PM

ok
ldiggy
Champion Author Wilmington

Posts:3,737
Points:1,053,720
Joined:Apr 2012
Message Posted: Jun 22, 2013 11:02:59 PM

Ok.
SpankyMI
Champion Author Kalamazoo

Posts:5,397
Points:1,480,640
Joined:Jan 2011
Message Posted: Jun 22, 2013 10:58:33 PM

More IS better, for the consumers!
cifuentesab
Champion Author Sacramento

Posts:3,599
Points:1,265,225
Joined:Jul 2011
Message Posted: Jun 22, 2013 10:57:13 PM

Again
granitestater
Champion Author New Hampshire

Posts:12,840
Points:2,193,705
Joined:Oct 2008
Message Posted: Jun 22, 2013 10:55:54 PM

And they want to put more in a cave in Cleveland...
30mpg80
Champion Author Lexington

Posts:15,184
Points:2,262,370
Joined:Nov 2008
Message Posted: Jun 22, 2013 10:55:12 PM

The speculators bid it up, then run scared if someone hiccups
flyfast
Champion Author Kansas City

Posts:12,414
Points:2,594,550
Joined:Jan 2008
Message Posted: Jun 22, 2013 10:43:26 PM

more BS
HedTurnr
All-Star Author Oakland

Posts:860
Points:219,750
Joined:Apr 2013
Message Posted: Jun 22, 2013 10:41:58 PM

Get rid of big oil and nationalize the natural gas business.
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Jun 22, 2013 10:41:52 PM

I think it's called the big roller coaster ride. Weeeeee! Weeeee! Weeeeee!
orcar
Champion Author Boise

Posts:2,470
Points:1,405,335
Joined:Jun 2010
Message Posted: Jun 22, 2013 10:36:20 PM

ok
icer06
Champion Author Huntsville

Posts:5,539
Points:1,197,030
Joined:Jan 2012
Message Posted: Jun 22, 2013 10:30:48 PM

I think there's a big ploy here. Big oil and NG don't mix.
Post a reply Back to Topics