Page 22 - Transco Zone News Today : Breaking News, Live Updates & Top Stories | Vimarsana

There was plenty of market activity to keep bidweek traders busy as they put October deals to bed, but outside of Appalachia, the Rocky Mountains and California, bidweek quotes showed only nominal declines of a few pennies. The NGI October National Bidweek Average fell 10 cents to $2.54 from September Bidweek, and represents a mere 3-cent premium over the NGI October 2016 National Bidweek Average of $2.51.

Wednesday physical natural gas trading for Thursday delivery saw widespread weakness of a few pennies at most spots around the country offset by significant strength in California and New England, where colder temperatures were beginning to set in.

Despite dings along the way, weekly cash prices gained ground amid lofty temperatures across much of the Lower 48 and inconsistent production levels.

Natural gas futures fluctuated again Friday but ultimately forged ahead as weather forecasts pointed to above-average cooling demand in August. The

Natural gas basis prices for August skyrocketed across the Southeast during the trading period ending July 27 as searing heat ratcheted up cooling demand,