Natural-gas supplies may hit an all-time high

Natural-gas supplies have a good chance of reaching a record high later this year, but that may not stop prices for the fuel from also hitting new highs for the year.

Coal-burning power plants are shutting down or converting to natural gas because of federal environmental regulations, just as summer cooling demand is starting to kick in.

Supplies of working natural-gas in storage to feed that demand may end the so-called injection season at an all-time high of 4.1 trillion cubic feet, said Richard Hastings, macro strategist at Global Hunter Securities.

The storage-injection season, the period during which the market builds inventories for winter heating demand, runs from the beginning of April to the end of October. Currently, natural-gas supplies stand above two-trillion cubic feet.

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