Save for later Print Download Share LinkedIn Twitter April gas futures plunged 43.7¢ Monday to $2.572 per million Btu as moderating weather forecasts took the steam out of last week’s rally. On Friday, the front-month contract settled above $3 for the first time since Jan. 27, but the latest weather forecasts lower the 15-day demand outlook by 43.7 billion cubic feet, according to Gelber & Associates analysts. Although the market holds a positive view of plans by some producers to drop rigs in response to low prices, a reduction in drilling isn't likely to address the near-term supply glut.
