clarification on gas prices, page-2

Hi jocam,
My understanding is that the NYMEX prices quoted on Oilnergy are spot futures prices (ie the daily price for the current contract which expires end March).
The spot Henry Hub did go to $19 (hence the "manipulation" enquiry in the article I referred to earlier) and has since fallen back to around 10.75 at last quote (-$8) and the NYMEX spot futures is around $9.
The reason the futures never went far above the $9 mark was that the $19 day was seen for what it was- an aberration. As I mentioned Spot Henry Hub is still above $10 while NYMEX is lower as it expects further falls by end contract.

Cheers.

Ed.