Here's a summary of what went on in the energy markets last week:
Electricity peak prices fell from $3 to $11 last week across the country in continuing mild weather to settle in a range of $31-52/MWh. Gas at the Henry Hub fell 13 cents to average $2.79/MMBtu for the week, and the rig count continued its decline by another eleven rigs to 484. …
Crude oil rose $1 last week, to average $94/barrel at Cushing, Oklahoma. “The U.S. average retail price of regular gasoline increased two cents this week to $3.74 per gallon, 16 cents per gallon higher than last year at this time. …”
Average nuclear plant availability fell to 89 percent last week. One unit returned to service, and seven shut down. Turkey Point 3 returned to service after a six month refueling and maintenance outage to uprate the unit 15 percent. …
For more of the report click here.
3 comments:
At least some people think the shale gas boom will be the latest bubble to pop.
Try
http://www.testosteronepit.com/home/2012/6/20/natural-gas-where-endless-money-went-to-die.html
Wouldn't prices rise going from $3 to $11?
Martin, another way to maybe have said it could have been "prices fell $3-$11".
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