On September 12, pure fuel costs rose 0.9% and settled at $2.574 per MMBtu (million British thermal items). On the identical day, the EIA (US Power Info Administration) reported its pure fuel stock figures for the week that ended on September 6.
A Reuters ballot instructed an increase of 82 Bcf (billion cubic ft) in pure fuel inventories. Nonetheless, the EIA reported an increase of 78 Bcf. With this rise, the damaging pure fuel inventories unfold contracted by 22 foundation factors, a damaging improvement for pure fuel costs. For the inventories unfold to develop, the EIA would have needed to report an increase of lower than 72 Bcf. Often, pure fuel costs are inversely associated to the inventories unfold.
Inventories unfold and costs
For the week that ended on August 30, pure fuel inventories rose by 84 Bcf. With this rise, the damaging inventories unfold contracted by 70 foundation factors. The EIA reported its pure fuel stock knowledge on September 5. Between September 5 and September 11, pure fuel costs rose 4.8%.
Furthermore, natural gas–weighted stocks Gulfport Power (