Perfect Storm Fuels Massive Surges in West Coast Natural Gas Prices; Northern California Reaches $55/MMBtu – Natural Gas Intelligence
Against the backdrop of generally mild weather in the Lower 48, winter unleashed its fury on the West Coast earlier this season. Freezing temperatures and unusually heavy rainfall have fueled demand for natural gas at a time when storage inventories are low, a the drought has reduced hydroelectric power supplies, and regional utilities are struggling …