Along with WTI and Brent crude prices, natural gas prices fell precipitously on Tuesday, but the regional differences in gas prices during the last couple of months are shrinking according to the EIA. The spot price differentials between local natural gas hubs in the United States and the Henry Hub benchmark in Louisiana were narrower in the first half this year compared to the same period last year, the U.S. Energy Information Administration (EIA) said in an analysis on Tuesday. The price differentials to Henry Hub – known as the basis price – narrowed at major demand centers such as SoCal Citygate in Southern California, Algonquin Citygate near Boston, Massachusetts, and Transco Zone 5 in Virginia, thanks to warmer than usual temperatures in the 2019-2020 heating season. The price spreads at the major production centers, such as the Waha hub in Texas and the Dominion South Hub in southwestern […]