Natural-Gas Prices Hit 1-Year High as Heating Season Begins

  • 15 Nov 2012
  • By U.S. Energy Information Administration
  • Topics: Energy

Storage Levels Drop, But Still Above Average

Benchmark U.S. natural-gas prices rose to the highest levels in over a year as cooler weather led to the first storage draw-down of the winter heating season, the Energy Information Administration said.

Henry Hub gas as of November 14 was $3.66 per million British thermal units, up 19 cents from a week earlier and the highest price since October 2011. In NYMEX futures trading November 15, gas for December delivery fell 5.7 cents to $3.703, up 5.7% from $3.503 at the end of last week.

Total U.S. gas demand rose 0.4% during the week ended November 14 compared to the previous week, led by a gain of 2.8% in residential and commercial consumption. Temperatures in the lower 48 U.S. states averaged 48 degrees Fahrenheit, about 1.6 degrees below the 30-year average for the period.

Working gas in underground storage decreased to 3.911 trillion cubic feet as of November 9, a withdrawal of 18 billion cubic feet from the previous week, when inventories hit a record high. Supplies are still 1.8% above last year’s levels and 5.6% higher than the five-year average for that date.

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Idea Exchange - Join Our User Focus Program

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships


Global Offices Contact Information

Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.