Save for later Print Download Share LinkedIn Twitter Soaring August gas futures pulled back at expiry, falling 30.6¢, or 3.5%, to roll off the board at $8.687 per million Btu. That the August contract finale was in the ballpark of the $8.908/MMBtu June contract settlement shows how storage concerns have reemerged after being knocked down by Jun. 8 Freeport LNG explosion and fire that curtailed 2 billion cubic feet per day of gas demand. But torrid summer heat has not only absorbed that gas; it has blunted the seasonal storage refill and widened the now 328 Bcf deficit to the five-year average.
