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May gas futures climbed 4.9¢ Wednesday to $2.155 per million Btu. Gelber & Associates analysts pegged US dry gas production at 99 billion cubic feet per day, as seasonal maintenance continues to limit output. However, weather forecasts are keeping a lid on the market. “Current forecasts suggest that there will be larger than normal storage builds in the coming weeks,” the analysts said. “The upcoming stretch of somewhat mild April temperatures could increase the surplus past the level it is already. Should warmer April temperatures keep gas demand light, the storage surplus to the five-year average could reach as high as 400 Bcf.”

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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