The US Energy Information Administration today reported the US natural gas stocks rose by a total of 47 billion cubic feet, just slightly above the 45 billion cubic feet increase that analysts had expected. Natural gas prices were 3.24% higher at $2.135/thousand cubic feet before the EIA released its report, and should not drop much.
The EIA reported that US working stocks of natural gas totaled 2.55 trillion cubic feet, about 908 billion cubic feet higher than the five-year average of 1.64 trillion cubic feet. Working gas in storage totaled 1.68 trillion cubic feet for the same period a year ago.
Natural gas prices have gotten a boost this week from a cool snap in the US Northeast, which has raised prices back above $2/thousand cubic feet.
US natural gas stocks are about 53% higher than they were a year ago and about 56% higher than the 5-year average.
Paul Ausick
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.