23 Feb 2014 More

Natural Gas Prices Fall from 5-year High

posted by Unknown @ 08:21 0 Comments

Natural Gas Prices in image
Natural gas prices came down off a new 5-year high Thursday, this after the government came out with a new report showing that supplies have dropped more than average.  What was once a 5 tcf surplus at the beginning of this record-setting winter is now estimated to drop to just 1 tcf by season’s end.

As supplies continue to drop and have difficulty making their way to some of the colder regions of the country, prices have doubled to as high as $6 mmbtu in recent months.

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