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Commodities

Heat Dome Pushes Natgas Prices Up by 8.6 Cents

Guavy AI Editorial Team
Instruments
Natural Gas
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Natural gas prices saw a significant increase on Tuesday due to a heat dome that settled over the southern two-thirds of the country. The September Nymex contract jumped by 8.6 cents, settling at $2.776 per MMBtu, representing a 3.2% gain.

However, for those with Marcellus or Utica royalties, the actual price received may be lower than the national average. The regional prices are significantly lower, standing at $1.77 in Appalachia.

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