This issue of the Natural Gas Monthly presents estimates of natural gas supply and consumption through February 1997. Estimates of natural gas prices are through November 1996 except electric utility prices that are through October 1996. Cumulatively for January through February 1997, the daily average rates for several data series remain close to those of 1996. (Comparing daily rates accounts for the fact that February 1996 had 29 days.) Daily total consumption for January through February is estimated to be 83 billion cubic feet per day, 1 percent higher than during the same period in 1996. Similarly, the estimate of average daily production of 53 billion cubic feet is 1.5 percent higher than in 1996, while daily net imports during the first 2 months of 1997 are virtually unchanged from 1996.