Houston (Platts)--20Apr2012/1145 am EDT/1545 GMT

Several US spot natural gas prices fell to record low averages Friday as a 10-year-low settlement Thursday on the NYMEX May contract combined with a massive storage overhang and lackluster weekend utility demand to yank prices lower at several hubs.

The benchmark Henry Hub in Louisiana fell 3 cents to average at an 11-year low of $1.82/MMBtu on the IntercontinentalExchange. The last time the Henry Hub averaged this low was November 30, 2001, when it hit $1.75/MMBtu, according to Platts historical prices.

Elsewhere, record lows were set in the US Northeast.

New England consumption market Algonquin Gas Transmission's city-gates averaged at $2.01/MMBtu on ICE after a 4-cent decline, marking an all-time low, according to Platts prices.

New York City hub Transcontinental Gas Pipe Line zone 6-New York averaged at $1.96/MMBtu on ICE Friday, down 4 cents, another all-time low. The West Coast wasn't spared, either.

The Pacific Gas and Electric city-gate averaged at $2.26/MMBtu on ICE, after falling 6 cents, coming in at a 10-year low.

The last time the West Coast consumption market averaged close to that range was February 6, 2002, when it averaged at $2.19/MMBtu, according to Platts prices.

--Samantha Santa Maria, samantha_santa_maria@platts.com

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