August natural gas prices were fractionally lower during the initial morning hours, as they appeared to consolidate yesterday's gain. Talk of extreme heat in the northeast forcing the shutdown of a number of nuclear plants in the region was seen as a force likely to boost demand fro natural gas. Weather forecasts continue to project above normal temperatures in the Midwest, but they moderate along the east coast into July 28. Another source of support for the natural gas market are expectations for this morning's EIA storage report that call for an injection of around 35 bcf. This is smaller than the year ago injection of 67 bcf and the five year average of 74 bcf.
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