Some US Northeast spot natural gas prices sank as much as $3.30/MMBtu in trading Friday as weather forecasts called for temperatures well above seasonal norms. After being hit by multiple winter storms over the past two weeks, and with forecast temperatures dropping to as low as minus-1 Fahrenheit in Boston, temperatures are back on the rise in the Northeast. Boston is expected to see a high temperature around 54 degrees Sunday, 13 degrees above normal for this time of year. New York is forecast to see temperatures in the mid-50s to upper 60s, with Washington reaching into the low 70s. Platts unit Bentek Energy forecast total Northeast load to drop as low as 13 Bcf Sunday from 17 Bcf Friday. Prices at the Algonquin Gas Transmission city-gates dropped $3.30 to average in the lower $5.70s/MMBtu, with prices at Tennessee Gas Pipeline zone 6-200 leg […]