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Energy Market Update: October 2, 2017

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What kind of impact will the winter weather have on gas prices? 

In this week's Energy Market Update, Tim Bigler — Direct Energy Business Energy Strategist — overviews Q1 of 2018 and how winter weather will affect NYMEX gas prices.

Watch the video below to learn more. 

 

Q1 2018 Winter Forecast

According to the National Weather Service, the northern part of North America may see average temperatures this winter while the mid-continent should expect above normal temperatures.


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NYMEX NG Price Chart

If you haven’t done any natural gas hedging yet, you may not be out of luck. Other models are pointing towards a relatively normal winter nationwide. NYMEX prices are low coming out of a mild summer, which has relieved pressure as well.

These are both preliminary forecasts, so make sure you’re prepared no matter what Old Man Winter brings.

Stay tuned to the Direct Energy Business Blog for the latest energy market news and information. 

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