March natural gas prices continued to fall again this morning and established new lows for the month. March natural gas prices seemed to come under added pressure after yesterday's EIA storage report showed a draw of 174 bcf, but a 10 bcf reduction from producing regions last week created a slightly smaller than expected draw. Total storage stands at 2,542 bcf or 1.2% above the 5-year average. Over the last four weeks natural gas storage has declined 690 bcf. Meanwhile, weather forecasts continue to show below normal temperatures for most of the US through next week, which could continue to foster an increase in heat-related demand.
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