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safetysmitty3990 t1_j5ue6gb wrote

I'm sorry for being dismissive. I understand your question and I haven't done a good job getting my point across. There are NYMEX natural gas futures contracts that are falling, but you also need the basis piece (the cost of moving the physical gas molecules through pipelines) to get a complete price. So delivered wholesale gas is gas futures + basis futures. Even when gas futures fall, basis futures have remained elevated. I've been trying to find a source but basis futures priced are not available for free (you'd need a Bloomberg Machine or ICE subscription). Here is an article that has a graph of pricing for the 23-24 winter season: https://www.nrg.com/insights/energy-education/purchasing-strategies-for-new-england-market-dynamics.html

Bottom line is when you see the headlines that gas prices are falling, it's not reflective of what the real delivered price is in New England.

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