On the whole, production in the lower 48 and Canada has been down from the record highs set earlier this spring. With mild temperatures though, there’s not as heavy a need for heating, but utilities are going to want to fill storage the best that they can this season. Demand will certainly not vanish in the shoulder season.

And the rally continues as this week wraps up, the NYMEX June Front Month contract is up 19 cents, the price hitting $3.63 US/mm this afternoon.

Note that now that the snow has melted, thunderstorms may interrupt electricity demand now and then, and that the wildfire season is next. A significant thunderstorm has has made headlines as thousands are left without power in the Northeast, especially Pennsylvania and Ohio.

Above average temperatures are expected in most of the USA in the coming days.

Have a good weekend!