Natural gas prices spiral down

03/20/2006
With the US heating season officially expiring at the end of March, natural gas prices continued spiraling down earlier this month after the Energy Information Administration reported a lower-than-expected withdrawal of natural gas from underground storage during the week ended Mar. 3.“The earlier promise of cold temperatures in March is starting to fizzle out, but heating demand and storage withdrawals have picked up in recent weeks-albeit not enough to greatly affect the sizable storage surplus amassed over the course of the mild winter,” said Ronald J. Barone, managing director of equity research for the Natural Gas & Electric Utilities Group of UBS Securities LLC, New ...
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