Wednesday, November 26, 2008

Winter Energy Outlook

As a cold November in the Mid Atlantic region nears its end, consumers may be wondering about the outlook for heating costs in the upcoming winter. The Natural Gas Supply Association (NGSA) has released its winter 2008-2009 energy outlook (pdf file), calling for a flat trend in natural gas prices:
NGSA analysis of varying data indicates flat overall pressure on natural gas prices this winter, compared with the average for last winter season, primarily due to the following estimates affecting market pressure points:
  • projected slightly warmer-than-normal winter
  • stagnant economic growth
  • near record storage inventory, but higher-than-
    average storage injection prices
  • moderate growth in natural gas demand and higher domestic production levels
Images: Natural gas winter outlook, seasonal heating degree day forecast ©NGSA

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Seasonal Outlook

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