Natural gas prices have been on a wild ride these past couple of weeks. After a steady increase, based upon news of a dramatic decrease in oil production and therefore, a decline in associated gas production, the prompt month surpassed the elusive $2 mark and settled at $2.13 per MMBtu on the 5th of May. The sharp one-day increase; however, was partially driven by a pipeline explosion in Kentucky. A Texas Eastern Transmission Company’s (Tetco) pipeline exploded late Monday, which could cause supply disruptions with an indefinite timeline for restoration. Since then, natural gas prices have shifted direction and last week finished down 3.5%, with the June contract settling at $1.823 per MMBtu on Friday, near the May contract settlement of $1.794 per MMBtu. In advance of this week’s natural gas storage report, natural gas prices dropped to four-week lows, with the prompt month sitting near $1.65 per MMBtu. The Energy Information Administration (EIA) reported an injection of 103 Bcf, for the week ending May 8th. Current storage levels are now 49% above last year’s level and 21% above the five-year average, for the same reporting week. With mild spring weather forecast through the end of the month and continued commercial and industrial closures due to the coronavirus, the decline in demand could continue to increase storage above average levels.