We may have seen our lows now for the Spring as air conditioner weather will take over electricity rates for the summer.
This morning Deutsche Bank cut its expect peak annual natural gas storage number for this winter’s demand by 100 bcf to 3.37 Trillion cubic feet. The last few years we have peaked around 3.8 – 3.9 T cf. They also suggested natural gas prices would go up because of this and recommended traders BUY natural gas futures. Gas is up today ten cents.
I will keep you posted on any new developments as they take place.