US Natural Gas Rises on Record-Breaking Heat, Lower Output
US natural gas prices rose as forecasts predicted record-breaking heat for August, driving increased demand for cooling. The month is tracking to become the hottest population-weighted August since records began in 2007, with consumers significantly increasing air-conditioning usage. Combined with lower natural gas output, these factors are pushing prices upward.
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US Natural Gas Rises on Record-Breaking Heat, Lower Output
US natural gas prices rose as forecasts predicted record-breaking heat for August, driving increased demand for cooling. The month is tracking to become the hottest population-weighted August since records began in 2007, with consumers significantly increasing air-conditioning usage. Combined with lower natural gas output, these factors are pushing prices upward.
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