Save for later Print Download Share May gas futures dipped to a low of $2.955 Tuesday but recovered to settle 0.9垄 lower on the day at $3.007 per million Btu, a 21-week low for the prompt month. 鈥淒emand continues to be limited while dry gas production remains elevated above 106 [billion cubic feet per day],鈥� Gelber & Associates said. Price Futures Group analyst Phil Flynn called the decline 鈥渃haracteristic of the shoulder season. 鈥� This downturn presents an opportunity to lock in prices for the upcoming summer. The prevailing sentiment suggests that natural gas supplies will become increasingly scarce over the next year and a half. Thus, it is prudent to consider strategies to capitalize on what may be a long-term bottom in this market.鈥�
