Natural Gas Price Prediction – Prices Rise as Storms Brew

September 12th, 2018

Natural gas prices increased for a second consecutive trading session rising nearly 1% after rebounding from trend line support. 

While Hurricane Florence is getting all the headwinds, there is a cyclone forming in the gulf that could put infrastructure at risk. 

Hurricane Isaac is also moving toward the Caribbean which could lead to another hurricane making its way into the Gulf of Mexico.

Currently the October Natural Gas contract is trading higher by 3.4 at $2.86.

Hurricane Activity

Most of the US infrastructure is located in the Gulf of Mexico. The National Oceanic Atmospheric Administration reports that there is a disturbance

which has a 50% chance of forming a cyclone which could threaten Gulf of Mexico infrastructure. Hurricane Florence is unlikely to generate volatility

in the natural gas space, but it is causing some price spikes in gasoline prices.

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