US gas prices facing another rollercoaster

Even a summer heat wave hasn't buoyed near-term US natural gas prospects much.The week ended July 27 marked the fifth consecutive week of above-normal temperatures in the US-and, briefly, some startling cash bids for spot gas in the New York City area. For the cooling season thus far, the number of cooling degree-days has been averaging 10% greater than normal and 3% greater than last year. And the National Weather Service outlook calls for more of the same for most of the country through mid-August.But cooling demand strength isn't coming to the gas market's rescue. A dawdling economy, robust hydropower conditions in the US West, and the resilience of nuclear power plants are...

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