Prices Went Up Slightly Last Week, and the Long-Term Outlook isn’t Getting Any Better. Time to Buy. The Beacon, 03/29/2021

The Headline:   A cold snap and a larger-than-expected natural gas storage withdrawal pushed natural gas and power prices up slightly across the entire forward curve.  Rig counts dropped again, and the EIA is still forecasting below average gas storage levels – when prices go up, the risk is that they could make a big move.     

The Bottom Line:    Prices are up slightly last week, but are still low, and storage and drilling activity suggests rising prices in the coming months.   The time to lock in your electricity and natural gas rates  is now to avoid paying more when prices go up.      

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