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Saturday, February 11, 2012

natural gas prices predictions feb 13 2012

natural gas prices predictions feb 13 2012 : A report released Tuesday by the National Oceanic and Atmospheric Administration showed January was the fourth-warmest on record for the lower 48 states. Warm temperatures sapped heating demand for natural gas, causing headaches for already-bloated storage facilities.

Unlike natural gas, heating oil prices have been rising sharply this winter. Much of the rise has been linked to Middle East unrest and refinery shutdowns in the United States, suggesting supplies could be limited in the future.

Despite the fact that few homes in the Midwest heat using heating oil, the price is still important to every consumer, as the fuel is interchangeable with diesel fuel.

As of midday Friday, heating oil for March delivery was $3.18 per gallon, up 27 cents on the year, or 9.4 percent.

Natural Gas is closing out the week at 2.461 down slightly. NG pushed up earlier today on stories of potential cold in the Northwest. But this did not hold up. Days of winter are passing by quickly. After hitting a high of 2.52 NG continued to fall. The price was pushed down by last minute profit taking and held at 2.46 level by buyers looking at a cheap deal.

NG will most likely bounce around in the low 2.40 range before breaking under the 2.40 level while it seeks a bottom as spring rolls in. For the latest updates on the stock market, visit Stock Market Today

natural gas prices february 13 2012, NG predictions feb 13 2012, heating oil prices forecast feb 13 2012, diesel fuel prices feb 13 2012, gas futures prices feb 13 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today

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