North America gas markets short-term outlook August 2015
For years now, increased competition between coal and gas power plants has reduced volatility in summer gas prices. The August natural gas futures contract averaged $2.81/mmbtu in the last 30 days before settlement. The range during that period was only 23 cents. Over the last 15 years, the next smallest trading range in the last month of an August contract was 41 cents in 2011.