Savvy Trades and Investments

[creede]

This is weird. I thought natural gas demand went down in the summer.

This MSN article is saying a hot summer will spur prices because so many people use natural gas to cool their homes (who knew?).

Natural gas prices have already doubled this year. A hot summer could push them even higher

“U.S. natural gas prices more than doubled since the start of the year, and this summer's air-conditioning season could send them soaring by at least another 25%.

In the futures market, gas prices rose 4.4% Tuesday as hot spring weather in the Southern U.S. pressured a market that has already been concerned about tight supplies. The warmer weather is forecast to continue across the region.”

https://www.msn.com/en-US/news/markets/natural-gas-prices-have-already-doubled-this-year-a-hot-summer-could-push-them-even-higher/ar-AAXoeEC

Up is down and down is up?