Gas at the Henry Hub jumped $0.76 to $4.92/MMBtu for the week. Over the past four weeks, gas prices have increased nearly $2/MMBtu. The gas rig count rose by nine to 757. “Traders worked prices higher with demand on the rise as temperatures dropped across key heat-consuming regions, driving up demand for fuel to feed power generators called upon to meet increased customer heating load” (SNL Energy, pages 1 and 3).
The latest is up, below are some useful nuggets about gas that happened last week: