Wholesale prices plunged today in some western markets after a pipeline explosion prevented the gas from moving to markets in the eastern U.S.
El Paso Corp. shut a pipeline at Laramie, Wyoming, over the weekend after it was struck by a bulldozer. The line is about 9 miles southwest of Cheyenne, just north of the Colorado border.
Gas for next-day delivery at a depot in Opal, Wyoming, plunged 60 percent to $2 per million Btu on the Intercontinental Exchange, an electronic energy market based in Atlanta.
Wholesale prices on Colorado Interstate Gas Co.'s mainline fell $3.66 to $1.24 per million Btu on ICE. Gas dropped $3.35 to $1.60 on the Kern River Gas Transmission line. The fuel fell $3.29 to $1.71 at Northwest Pipeline Corp.'s Rocky Mountain Pool, and declined $2.98 to $1.98 at Northwest's Wyoming pool.