Pure-Gasoline Market Circumstances Look Unnatural

Pure gasoline may actually use an OPEC-style, coordinated manufacturing ramp-up proper now.

U.S. Henry Hub natural-gas costs, at round $5 per million British thermal models (MMBtu), have greater than doubled from a 12 months earlier. When the benchmark broke the $4 mark in early August it was a uncommon milestone—particularly to date forward of the winter heating season. The sticker shock is even larger elsewhere on the earth: East Asian benchmark futures are 4 occasions the place they had been a 12 months in the past, whereas European natural-gas spot costs are 5 occasions as excessive. Each benchmarks have exceeded $18 per MMBtu.

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