Here in Toronto, the trees are starting to grow some leaves, and the days are feeling warmer. April is wrapping up, and Canada’s forecast for early to mid May is currently predicting above normal temperatures. There is still some residential and commercial demand for gas though, but is expected to slide with the warmer temperatures, especially in Ontario.


NOAA’s Outlook for May, June and July is also showing that normal to above normal temperatures are likely for the entire US. We are probably in the clear for winter and early spring blocking risk.
Flipping around from yesterday, NYMEX prices dropped a few cents. The June front month contract settled at $3.34 CAD/GJ, 4 cents less than yesterday.