The August bidweek natural average price fell 26 cents to $2.42/MMBtu, as prices in the Northeast made the largest moves lower, data from Inside FERC's Gas Market Report showed Monday.
The August bidweek price at the benchmark Henry Hub point fell 25 cents to average $2.67/MMBtu. That came as the NYMEX August futures contract settled at $2.672/MMBtu, down 24.5 cents from the July contract's close of $2.917/MMBtu.
In the Upper Midwest, the Chicago city-gates bidweek price fell 13 cents to average $2.67/MMBtu. Elsewhere in the region, Consumers Energy and Michigan Consolidated city-gates both gave up 27 and 28 cents to average $2.62/MMBtu and $2.59/MMBtu, respectively.
In Northeast markets, Transcontinental Gas Pipe Line Zone 6 New York traded lower, declining 47 cents to average $1.92/MMBtu.
In New England, Algonquin Gas Transmission city-gates fell 46 cents to average $2.66/MMBtu.
Elsewhere in the region, Tennessee Zone 6 delivered saw similar move to the downside, also sliding 46 cents to average $2.62/MMBtu.
Upstream in the Northeast producing regions, Dominion, Appalachia, declined 70 cents to average $1.28/MMBtu.
To the west, prices saw smaller moves lower, as Northwest Pipeline-Rockies averaged $2.51/MMBtu, a 1-cent reduction over last month. Cheyenne Hub also saw a similar move, giving up 4 cents to average $2.48/MMBtu.
Along the West Coast, SoCal Gas fell 10 cents to average $2.75/MMBtu. Elsewhere in the region, El Paso, Permian Basin held flat to average $2.56/MMBtu.
