Posts Tagged ‘Natural Gas’
What a Difference a Year Makes
What a Difference a Year Makes Last September, our COO, Jim McDonnell, was the lead-off speaker for the first session of the Maryland Clean Energy Center’s Energy Economy Speaker Series. The topic was State of the Sector: Impacts of Covid-19 on the Energy Economy. Jim provided a broad energy market update and then focused on…
Read MoreWelcome Back to 1976
By Evelyn Teel and Jim McDonnell Our last blog post discussed the trend of decreasing natural gas prices in the 2010s (please find that blog post at this link: https://avalonenergy.us/2020/01/down-down-down-energy-prices-in-the-2010s/). What does the trend in natural gas prices look like if we go further back in time? To answer this question, we extended our look-back…
Read MoreIn the News: Jeff Dowdell Talks CHP, Natural Gas, and More
By Evelyn Teel Avalon Energy Services Senior Energy Consultant Jeff Dowdell was the featured guest on the most recent Energy Sense Podcast. Check out the episode to learn about combined heat and power (CHP) – what it is, how it can reduce costs and improve efficiency, and how it improves resilience. Jeff also discusses the…
Read MoreAvalon Energy Services Turns 10 Years Old This Month
Late 2008/early 2009 was an unsettling time. Bear Stearns was bailed out, Lehman Brothers went bankrupt, the housing market collapsed, credit markets were frozen, the stock market fell more than 40%, the unemployment rate was approaching 10%, and energy markets were in turmoil. The Great Recession was underway. Despite this uncertainty, during April of 2009,…
Read MorePropane and Natural Gas – Birds of a Feather Not Flying Together
Propane is a versatile source of energy common in rural areas that are “beyond the main” of utility natural gas service. It is often used for home space and water heating and cooking, as well as for agricultural uses such as crop drying, irrigation pump fueling, space heating in green houses, pig and poultry brooding,…
Read MoreNatural Gas Market Update, June 2018
Natural gas prices remain low and below their declining 21-year trend. See graph below. The prices presented here are for delivery at the Henry Hub in Southern Louisiana. Natural gas prices in other producing areas of the US, such as Northeastern Pennsylvania, the Permian Basin, and the Williston Basin, are significantly lower. The prices here…
Read MoreNatural Gas and Electricity Are Parting Ways – Part 2
In our last article, Natural Gas and Electricity Are Parting Ways – Part 1, we explored the weakening correlation between wholesale natural gas prices and electricity prices in the Mid-Atlantic. While natural gas prices have fallen dramatically over the past seven years, and electricity prices have fallen as well, electricity prices have not fallen as…
Read MoreNatural Gas and Electricity Are Parting Ways – Part 1
In recent articles, we have explored the dramatic decline in natural gas prices over the past seven years. See These Are Days To Remember and10,000 Maniacs Were Right. In the US Mid-Atlantic, natural gas and electricity prices have, over time, tended to move together. While there has by no means been a perfect correlation between…
Read More10,000 Maniacs Were Right
The dramatic decline of natural gas prices was the focus of our last article (These Are Days to Remember). As we noted then, in real dollars, natural gas prices were near all-time lows. Since then, natural gas prices have continued to fall. Yesterday the November futures contract settled at $2.033 per mmBtu. The last time…
Read MoreThese Are Days To Remember
Natural gas prices are really, really low in the wholesale market. The graph above shows daily natural gas prices traded at the Henry Hub, in dollars per million British thermal units ($/mmBtu), from January 1997 to today. Prices on the graph are in nominal dollars, not adjusted for inflation. Natural gas prices have exhibited a…
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