Natural gas prices at the West Texas Waha hub are ending the summer by setting the wrong kind of records.
On Aug. 30, the hub set an all-time low in gas prices, reaching minus $4.80/MMbtu, according to a Reuters report.
The low bar came on the heels of another bad streak. On Aug. 21, the hub’s prices hit negative territory for the 26 consecutive days, making it the longest streak of negative pricing going back at least a decade, S&P Global reported. The price was last in positive territory on July 25 at $0.33/MMbtu.