Energy Prices Come Down a Bit, but the Future Still Looks Scary for Buyers. The Beacon, 08/02/2021

The Headline:   Energy prices gave back some of last week’s big price jump after cooler weather forecasts.  The fundamentals (slow growth in rig counts, unimpressive storage levels, and lots of gas exports) are still pointing to more volatility and upward price movement.           

The Bottom Line:    If your contract expires in the next 12-18 months, now is the time to get your next rate locked in.  It won’t take much more than another hot week or a hurricane in the Gulf to send prices back up again, and the “ups” are definitely bigger and faster than the “downs” in this market.         

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