SWN CASH PRICES SOAR TO OVER $8 AS SOUTHERN CALIFORNIA SUPPLY RUNS DRY
Southwest Natural Gas Cash Tops $8 as Southern California Supply Runs Short
Natural gas prices in Southwest have surged to over $8 per million BTUs, driven by a shortage of supply in Southern California. According to Entropic Analytics' data, the region's natural gas demand is exceeding its supply capacity.
Entropic Analytics' Bidweek Product Suite provides first-of-month natural gas pricing and market insights, which shows that the region's supply has been depleted due to high demand from residential and commercial consumers. The company's Daily Product Suite also reports daily natural gas price indexes, market insights, data, and more.
As a result of the shortage, Southwest Natural Gas Cash prices have risen significantly, affecting both producers and consumers in the region. Entropic Analytics' Forward Look Product Suite provides forward curve prices of natural gas in North America, which shows that prices are expected to remain high in the coming months.