Natural Gas Falls On Spell Of Balmy US Weather

Natural Gas Falls On Spell Of Balmy US Weather
Market News
Like Us On Facebook
Like Us On Facebook

Natural gas prices are falling again as balmy weather stretches across most of the nation and supplies remain plentiful. Natural gas dropped 5 cents to $2.215 per 1,000 cubic feet in trading in New York. That’s the lowest price in a decade. The price has dropped about 26 percent this year.

Warm winter weather has allowed Americans to use less heat. And booming production is keeping stockpiles well above the five-year average.

Meanwhile, benchmark oil rose 20 cents to $106.54 per barrel. An increase in retail sales provided the latest sign of an improving economy. Brent crude rose 16 cents to $125.50 per barrel in London trading.

At the pump, AAA says the national average for retail gas rose less than a penny to $3.805 per gallon.

Associated Press

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Market News

News Preston Waters

Stocks Off to Stellar Start in May

Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at […]

News Preston Waters

Bank Of America, JPMorgan: Dow Midday Movers

U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay […]

News Preston Waters

Monster Stocks Soar Amid Rumors Coca-Cola Is Set To Buy Energy Drink

Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined […]

News Preston Waters

Stocks Surge After Strong Manufacturing Report

Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking […]

News Preston Waters

Bank Of America Keeps Shrinking

Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of […]

News Preston Waters

Stock Market Story: May 1

The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a […]

Also On Elite

Life

Don’t Tweet That: 4 Times You’re That Person Who Is Over-Sharing On Social Media

Do you ever find yourself sitting at your computer, mindlessly scrolling, when you come across something your friend posts that makes you cringe and think, “Why the hell would you ever tweet that?” You get a glimpse into someone’s personal life that is less behind-the-scenes and more “I just walked in on an acquaintance’s grandma […]

LOL Lists

Beyoncé Eating Ice Cream Are The Only Photos You Need To See Today

Beyoncé is a prolific mass murderer best known for directly contributing to the literal death of countless girls all over the world (who also makes the occasional song here or there). Queen B AKA Sasha Fierce AKA the successful part of Destiny’s Child has a monopoly on the world as we know it, and there […]

Ladies

To The Guy Who Gave Me Nothing To Work With: I Moved On And You’re Alone

Staying in control of your relationship and communicating with a guy without drama might be hard when he’s throwing you mixed signals. However, in reality, the common mistake women make in relationships, which leads to unnecessary heartaches, is self-deception. We tend to pick up on the signals we want to receive. When such happens, we […]