Prices Went Up Again Last Week, and May Be Headed Up Long-Term. The Beacon, 04/05/2021

The Headline:   Increased economic activity pushed Natural Gas and Electricity prices up again last week, and the market appears to be expecting a long-term shift in prices – the back-end years are up more than the front-end.  Drilling activity is flat, and the EIA is still forecasting below average gas storage levels.        

The Bottom Line:    While prices are up slightly, they are still trading near the bottom of the 10-year trading range, and long-term indicators point to 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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