Not much activity in NYMEX Gas Futures today, settle changes only being a fraction of a cent. The September front month contract settled at $2.75 US/mm. Cooler temperatures in the short term are still expected for a big portion of the US, so seems like the break in demand has been showing in NYMEX pricing as of late.

Eyes remain on Hurricane Erin, but the storm will luckily not make landfall and will likely not have a big impact on gas production in the US. Possibly it could interrupt LNG production or cause power outages, but it’s not likely.

Expectations for tomorrow’s storage report is for an injection of +22 Bcf. Although the 5-year average for this time of year is +35 Bcf, overall inventories are already decently stocked. Stay tuned.