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May gas futures declined 8.2¢ Wednesday to a nine-week prompt-month low of $3.247 per million Btu. “Weather forecasts continue to add warming, opening up the possibility of switching to [cooling degree days] temporarily in late April,” Gelber & Associates said. According to NatGasWeather.com, Wednesday’s announcement by Federal Reserve Chair Jerome Powell that the US central bank would stay the course with monetary policy — despite the possibility that the Trump administration’s trade policy would lead to rising inflation and slower economic growth — also may have weighed on gas prices.

Topics:
Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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