Warmer than usual spring weather, expectations of a hotter summer, and record LNG exports to help Europe reduce dependence on Russian gas could send the U.S. benchmark natural gas prices to above $10 per million British thermal units (MMBtu) in the coming weeks, analysts say. Earlier this week, the front-month Henry Hub benchmark price hit a 13-year high of over $8/MMBtu, as prices rallied amid increased demand for air conditioning. As of 9:50 a.m. EST on Friday, the natural gas price was at $8.693/MMBtu, down 1.02% on the day. Moreover, the levels of natural gas in storage across the United States are well below average for this time of the year. The southern U.S. will be very warm to hot with highs of 70s to 90s, including highs near 100°F across Southwest deserts, Texas, and the S. Plains this weekend into the start of next week, according to an […]