The Coming Unholy Alliance In Natural Gas

Wolf Richter   www.testosteronepit.com

Natural gas traded at $3.22 per million Btu (MMBtu) at the Henry Hub on Monday, a seven-month high, and a jump of 69% from its April low. Breathtaking when you think that a few months ago, the doom-and-gloomers, who’d been right for a very long time, were predicting chillingly that the price would hit zero by the fall, when storage would be full and excess production would have to [...]

A trader’s take on the “debacle” in coal

From The Stock Sage:

Coal stocks have been absolutely bludgeoned over the last several months – since the beginning of the year $BTU is down ~30%, $ANR is down over 40%, and $PCX at one point today was down over 80%. What is going on here?

The sector has been hit by a near perfect storm of weakening demand from China, cheap natural gas which is viewed as a cleaner alternative, production [...]

Gas prices on the rise; top $4 in eight states

 

Prices updated as of 7/18/2011 3:05:06 AM

Regular
Mid
Premium
Diesel
85
**E85
MPG/BTU
adjusted
price

Current Avg.
$3.676
$3.800
$3.925
$3.942
$3.210
$4.224

Yesterday Avg.
$3.676
$3.799
$3.926
$3.942
$3.209
$4.223

Week Ago Avg.
$3.631
$3.759
$3.885
$3.914
$3.178
$4.182

Month Ago Avg.
$3.663
$3.802
$3.932
$3.979
$3.199
$4.210

Year Ago Avg.
$2.723
$2.891
$2.995
$2.950
$2.193
$2.886

Highest Recorded Average Price:

Regular Unl.
$4.114
7/17/2008

DSL.
$4.845
7/17/2008

For information on automotive fuel issues, including AAA’s recommendations regarding fuel conservation, click here.

 

is a public service of the United States of America’s largest motoring and leisure travel membership organization and is updated daily by Oil Price Information Service (OPIS) with average national, state and local prices for gasoline, diesel [...]