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Daily price adjustments in the U.S. market for natural gas

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  • Anthony Bopp

Abstract

A daily model of cash market for natural gas in the U.S. is presented and estimated over 1997. The model develops the notion that the expected rather than the actual amount of gas in storage (along with weather) and storage changes impact the current daily cash price. These notions are supported by the estimations presented. At the daily observation level, reported changes in storage levels are signals that actual consumption or production are either as expected and result in no price pressure or are not as expected and do result in price pressures. Copyright International Atlantic Economic Society 2000

Suggested Citation

  • Anthony Bopp, 2000. "Daily price adjustments in the U.S. market for natural gas," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 28(2), pages 254-265, June.
    • Handle: RePEc:kap:atlecj:v:28:y:2000:i:2:p:254-265
    DOI: 10.1007/BF02298365
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    References listed on IDEAS

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    1. W. David Walls, 1994. "Price Convergence Across Natural Gas Fields and City Markets," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 37-48.
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    4. Lester G. Telser, 1958. "Futures Trading and the Storage of Cotton and Wheat," Journal of Political Economy, University of Chicago Press, vol. 66(3), pages 233-233.
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    Cited by:

    1. Mu, Xiaoyi, 2007. "Weather, storage, and natural gas price dynamics: Fundamentals and volatility," Energy Economics, Elsevier, vol. 29(1), pages 46-63, January.

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