Average spot natural gas prices at the major Midwest trading points increased close to 60% during the first half of 2013 compared to the same period in 2012. Natural gas spot prices at Henry Hub averaged $3.75/MMBtu during the first half of 2013, up 57% from the $2.39/MMBtu average spot price for the first half of 2012.
The price increase was due to colder temperatures and a supply and demand imbalance. The winter of 2012 yielded milder temperatures, which decreased demand and allowed natural
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