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"Supply and demand are by and large pulling the price strings. But financial speculation may also be influencing the downward trend for both natural gas and gasoline, as large hedge funds try to improve their positions on the futures markets, said Daniel Fine, associate director at the New Mexico Institute for Mining and Technology’s Center for Energy Policy.
“Storage of natural gas has increased by less than 10 percent, while the price has decreased by about 40 percent since November, and that can’t all be explained by supply and demand,” Fine said. “Speculators are going short on commodities, natural gas and crude. The market sell-off is driving prices down.”
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