Might Be Time to Stock Up on Natural Gas for Next Winter: Chartby
U.S. natural gas futures for delivery in April are almost a dollar per million British thermal units cheaper than the fuel for delivery next January. Seasonally, that’s the biggest price gap between the two contracts in years. The market’s banking on gas production slowing, shrinking a glut of the fuel this summer. So “if you have room in storage, buy gas in April and use it next winter,” said Aaron Calder, senior market analyst at Gelber & Associates in Houston.