November 11th 2019


Incoming chill! We are about to get an early dose of cold weather, the likes of which has not been felt around these parts in almost 150 years. Sure, the dip will come and go, but the lasting truth of our accelerated descent into winter remains. Temperatures in New York City could drop into the low 20’s—potentially breaking a record of 22 degrees set on this day in 1873. Yes, you’re wondering how those folks kept warm. Think fires and pelts.

According to the National Weather Service, 148 daily record lows are expected to be “broken, tied, or come within 1 degree” between Tuesday and Thursday.

Regardless of what heat source you use, we’re here to keep you warm, as always. In the mean time, please enjoy this week’s jolt of positive energy.

Heating Oil

  • Prompt-month heating oil futures decreased 0.78% for the week ending Friday, 11/8, as prices fell $0.015 per gallon.
  • On the New York Mercantile Exchange, crude futures for delivery in December closed at $57.24 per barrel on Friday, 11/8, up 0.28% for the day, and up 1.85% for the week.

Why so crude? Crude oil prices rose slightly last week but fell on Monday, trading around $57 a barrel. Optimism surrounding a potential trade deal between the U.S. and China faded after President Trump indicated that he was unwilling to lift tariffs on China until more agreeable terms were reached. The trade war between the world’s two largest economies has put a damper on global growth and created concern among investors about a future crude oil supply glut. Escalating anti-government protests in Hong Kong also had a negative effect on the market. The Baker Hughes oil rig count fell last week, going from 691 to 684 and indicating decreased domestic production.

Natural Gas

  • Prompt-month natural gas futures increased $0.075 for the week ending Friday, 11/8, to settle at $2.789/Dth.
  • Overall supply increased by 0.3 Bcf from the previous week. Total demand increased by 6.1 Bcf.
  • Natural gas exports in August 2019 were 384,094 million cubic feet, compared with 311,449 million cubic feet in August 2018. This is a 23.32% increase.
  • Net injections into storage totaled 34 Bcf, compared with the 5 year average net injections of 57 Bcf and last year’s net injections of 63 Bcf during the same week.
  • Working gas stocks total 3,729 Bcf, coming in 29 Bcf more than the five-year average and 530 Bcf more than last year at this time.

Natural Gas Gaps Lower! The natural gas markets got hammered during the trading session on Monday, gapping lower and therefore throwing even more confusion into the market. – FX Empire


  • Average peak prices in NYC increased last week, rising $2.37 to $25.34 per MWh.
  • Average peak prices in New Jersey’s PSE&G increased, rising $1.76 to $22.83 per MWh.
  • Average peak prices in Central NY’s Zone C decreased, falling $1.64 to $18.36 per MWh.
  • Calendar 2020 prices in NYC decreased $0.24 per MWh, and PSE&G prices decreased $0.08 per MWh.
  • Calendar 2020 prices in Zone C decreased $0.19 per MWh.

Electric Treatments! If your doctor prescribed you anything other than a pill (assuming you don’t need surgery), you might think they were a quack. But this will soon change. Medicine is getting radical, and one of the radical new approaches for treating disease is electricity. – Independent


Apple plans to release its first augmented reality headset in 2022, followed by a smaller device—a pair of AR glasses— in 2023. – The Verge

Marathon Cares

Meet The Latest Edition To Our Weekly Jolt! For nearly 25 years, years Energo has been helping the communities we serve, supporting local customers, and honoring the many employees and families who power our business. This newest section of our weekly newsletter will be focused on sharing heartwarming stories that inspire us and showcase the many ways our company and our employees give back to the communities we serve.

In addition, we would love to know about the amazing ways you, your business, and your employees are giving back. Please email us your stories and any ways you are creating a positive impact on those around you and helping those in need. Who knows, maybe it will even be featured in an upcoming edition of Marathon Cares.

PS: In next week’s issue we will be sharing with you how Energo is getting behind an incredible—and unbelievably creative—canned food drive. Stay tuned…