Will natural gas prices keep rising?

Based on expectations of higher demand, U.S. natural gas prices have been on an upward trend since March when they bottomed out at US$1.99 per million British thermal units, or MMBtus, an industry standard.on the Natural Gas Exchange in Alberta are at $2.55, also up from the summer months.

The accompanying chart shows how U.S. natural gas inventories build during the summer months (referred to as the refill season) and are drawn down through winter into spring. Canadian inventory levels follow the same pattern., working gas in storage was 3,700 billion cubic feet as of Oct. 20. Over the previous week, year and against the five-year average, stocks are up 74 Bcf, 313 Bcf and 183 Bcf, respectively.

The coming winter will have an impact on how quickly we draw down natural gas inventory and ultimately its impact on price.of wetter in the south and warmer in the north, driven by a strengthening El Nino. In Canada, temperatures are expected to be at or above normal throughout most of the country this winter,normal to above average temperatures in the western half of the continent and normal to below average temperatures for the eastern half.

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