The March bidweek national average natural gas price fell 61 cents to $1.60/MMBtu as the market expected the winter season to end with continuing mild demand.
The March bidweek price at the benchmark Henry Hub declined 49 cents to average $1.70/MMBtu, according to Inside FERC's Gas Market Report on Tuesday.
That came as the NYMEX March gas futures contract settled at $1.711/MMBtu, down 47.8 cents from the February contract's close of $2.189/MMBtu.
In New England, Algonquin Gas Transmission city-gates dropped $1.69, or about 36%, to $2.97/MMBtu.
Transcontinental Gas Pipe Line Zone 6 New York fell $2.05 to $1.68/MMBtu for March, while Texas Eastern Transmission zone M-3 declined $1.15, or 50%, to $1.16/MMBtu.
Appalachian points all declined as well.
Dominion, Appalachia was 37 cents lower at $1/MMBtu. Columbia Gas, Appalachia was off 47 cents to $1.58/MMBtu.
In the Upper Midwest, the Chicago city-gates price fell 47 cents to $1.85/MMBtu. The Michigan Consolidated Gas city-gate was 52 cents lower at $1.78/MMBtu.
Rockies Express, Zone 3 delivered dropped 55 cents to a $1.63/MMBtu average.
In Texas, Houston Ship Channel fell 53 cents to $1.70/MMBtu.
To the west, the Southern California Gas index dropped 62 cents, or 28%, to $1.62/MMBtu. The Pacific Gas & Electric city-gate was at $1.98/MMBtu after a 51-cent decrease.
Northwest Pipeline Rocky Mountains came down 51 cents to average $1.51/MMBtu for March, while Northwest at the Canadian border fell 69 cents to $1.41/MMBtu.
