Severely depleted gas inventories in the United States, together with below-average temperatures in November, have boosted the Henry Hub front-month futures price. The price has averaged $4.17/MMBtu so far in December, much higher than $2.78/MMBtu seen in December 2017, and represents its highest monthly average since November 2014.
The US entered winter in December with its lowest gas stocks for the time of the year since 2002, which has supported regional gas prices in the country and increased price volatility. Spot gas prices in states...
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