The September bidweek national average natural gas price climbed 10 cents to $2.52/MMBtu, as prices across the country, with the exception of markets in the Northeast, mostly moved higher, according to Inside FERC's Gas Market report Thursday.
The September bidweek price at the benchmark Henry Hub rose 18 cents to average $2.85/MMBtu, which came as the NYMEX September contract settled at $2.853/MMBtu, up 18.1 cents from the August contract's close of $2.672/MMBtu.
In the Southeast, Florida Gas Transmission Zone 3 prices rose 18 cents to average $2.91/MMBtu. Elsewhere in the region, Southern Natural Gas, Louisiana rose 17 cents to average $2.79/MMBtu.
Toward the Upper Midwest, Chicago city-gates jumped 14 cents to reach $2.81/MMBtu. Nearby, Consumers Energy and Michigan Consolidated city-gates were up even more, rising 23 cents to average $2.85/MMBtu and $2.82/MMBtu, respectively.Upstream, prices at Rockies Express Zone 3 jumped 19 cents to average $2.75/MMBtu.
Along the West Coast, Pacific Gas and Electric city-gates averaged $3.31/MMBtu, up 23 cents. Elsewhere in the region, El Paso, Permian Basin tacked on 4 cents to average $2.60/MMBtu.
Around the Rockies producing region, Northwest Pipeline Rockies rose 11 cents to average $2.62/MMBtu.
Prices toward the East Coast mostly fell, led by Transcontinental Gas Pipe Line Zone 6 New York, which dropped 43 cents to average $1.49/MMBtu. Nearby, Texas Eastern Transmission M-3 fell 11 cents to reach $1.27/MMBtu.
