`Giant' Glut Sends U.S. Gas to Lowest Price Since December
- Stockpiles were 25.8% above five-year average as of Feb. 12
- Mild weather seen in lower 48 states through early March
This article is for subscribers only.
The heftiest U.S. natural gas surplus in four years is getting bigger by the week, pushing prices to the lowest level since December.
Stockpiles were 25.8 percent above the five-year average in the seven days ended Feb. 12, compared with 23.4 percent in the prior period, government data released Thursday showed. The glut has expanded for three straight weeks.