Highlights Waha weekly average at 97 cents, up from negative territory Texas, Southwest power burns hit annual highs in mid-July Denver — Permian Basin gas prices averaged their highest since mid-March during the week just passed, propelled by rising summer demand in local and regional markets. Over the past seven days, cash prices at Waha have averaged 97 cents/MMBtu, up from negative territory during the first week of July. On Friday, prices were down nearly 40 cents from the prior-day settlement, trading around 37 cents/MMBtu, preliminary data from S&P Global Platts showed. Forecasts calling for cooler weekend temperatures and lower demand led Friday’s decline in prices. Through mid-July, though, more summer-like temperatures in Texas and the Southwest have begun boosting demand for gas-fired cooling, offering some price support to Lone Star State producers. In Texas population-weighted temperatures […]