The July bidweek US average natural gas price climbed 87 cents to $2.68/MMBtu, as prices in the Northeast and Southeast made the largest move higher, according to Inside FERC's Gas Market report Friday.
The July bidweek price at the benchmark Henry Hub added 96 cents to average $2.92/MMBtu. That came as the NYMEX July contract settled at $2.917/MMBtu, up 95.4 cents from the June contract's close of $1.963/MMBtu.
In the Upper Midwest, Chicago city-gates rose 86 cents to average $2.80/MMBtu. Elsewhere in the region, Consumers Energy and Michigan Consolidated city-gates tacked on 92 and 93 cents to average $2.89/MMBtu and $2.87/MMBtu, respectively.
Toward Northeast markets, Transcontinental Gas Pipe Line Zone 6 New York traded higher, adding 86 cents to average $2.39/MMBtu.
In New England, Algonquin Gas Transmission city-gates jumped $1.01 to average $3.12/MMBtu.
Elsewhere in the region, Tennessee Zone 6 delivered saw an even larger move to the upside, adding $1.06 to average $3.08/MMBtu.
Upstream in the Northeast producing regions, Dominion, Appalachia, advanced 59 cents to average $1.98/MMBtu.
To the west, prices mostly moved higher as Northwest Pipeline-Rockies averaged $2.52/MMBtu after adding 74 cents. Cheyenne Hub also saw a similar move, adding 75 cents to average the same.
Along the West Coast, SoCal gas climbed 95 cents to average $2.85/MMBtu. Elsewhere in the region, El Paso, Permian Basin, prices were up 75 cents to average $2.56/MMBtu.
