Prices Dropped a Little, Forecasts Bring Good News, but Long-Term Price Fears Remain. The Beacon, 04/12/2021
The Headline: Milder weather and an as-expected gas storage report led to a small price drop last week, and a more-moderate long-term forecast from the EIA kept prices from climbing too much on the back end. After 2021, the market is almost flat, indicating that the market still fears that long-term price levels are rising.
The Bottom Line: While the market is behaving, there is a good opportunity to avoid the long-term price increase that the markets fear by locking in a rate for up to 5 years.
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