Natural Gas prices go vertical!

How is this for a price increase:

Natural_gas_spot_price_2

The DOE notes that “Natural gas prices continued to surge in the wake of Hurricane Ivan for the second week in a row. . . Some analysts speculate that it could take up to 2 months to restore production in the Gulf of Mexico to its former levels, contributing to the higher level of prices. Climbing crude oil prices and weather forecasts released since last Wednesday, September 22, also may have contributed to the run-up in natural gas prices.”

Sources:
Official Energy Statistics from the U.S. Government

http://tonto.eia.doe.gov/oog/info/ngw/ngupdate.asp

Natural Gas Analysis

http://tonto.eia.doe.gov/dnav/ng/ng_pri_analysis.asp

See also (the dreaded and pop up laden) Bloomberg site for more data

http://www.bloomberg.com/energy/

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