Natural-gas prices fall after EIA supply data for week ending 5 july

 

SAN FRANCISCO (MarketWatch) -- Natural-gas futures turned lower on Thursday after the U.S. Energy Information Administration reported a climb in last week's U.S. supplies that matched expectations. Natural-gas inventories climbed by 82 billion cubic feet for the week ended July 5. Analysts polled by Platts forecasted a climb between 80 billion cubic feet and 84 billion cubic feet. Total stocks now stand at 2.687 trillion cubic feet, down 443 billion cubic feet from the year-ago level and 22 billion cubic feet below the five-year average, the government said. August natural gas     (ngq13)   was at $3.64 per million British thermal units, down 4 cents, or 1%. It was trading at $3.70 shortly before the data

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Too bad they can't drill for Gasoline..huh?

P.G.---believe or not you can drill for gasoline because a lot of "wet" gas is rich with high grade condensate that is also called "natural gasoline" you may need to add something like ethanol then can put in your gas tank and drive away-- no typical refining necessary-- but it is very low octane rating and not good for high performance car but the ethanol helps it. Would not put in your Lexus LS 460

I guess I learned something new there...

I was jokingly commenting because just noticing how gasoline prices keeps going up but NG seems to be going down or going nowhere...be nice if NG were as preferred for transportation vehicles as gasoline or diesel is...doesn't look like ng will ever be more than a novelty fuel....

In days gone by farmers often burned casing head gas (natural gasoline) from wells on their property in their farm trucks.  Made the engines knock like crazy but ran okay and didn't harm the engine as far as I know.  Saw one farmer do that about thirty-five years ago.

Yep--- They called it "Drip Gas" The farmer would catch it in bucket as it "drip" from pipelines off well head. I think I remember correctly. Is that correct Skip?

I think that is correct, adubu.  I only witnessed that one instance but I remember the farmer saying he always negotiated the right to use the gas from any and all wells on his property. This was late 1970's and his pickup was far from new then.  I wouldn't put it in a modern automobile engine.

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