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Monday, August 12, 2013

Natural Gas Prices Remain Low as Supply Remains High

From The Columbus Dispatch:
Natural-gas prices this winter likely will be higher than during the last one, but the climb is expected to be gradual.
In roller-coaster terms, that means your heating costs are rising like the Jr. Gemini and not the Millennium Force.
While energy prices can be unpredictable, analysts are confident that gas will remain stable, largely because of a plentiful supply from domestic sources, such as Ohio’s Utica shale.
“Most people agree that we’re in an oversupply situation at this point,” said Paul Leanza, director of gas supply at IGS Energy, an electricity- and gas-supplier based in Dublin.
Prices of natural gas have been relatively low since a peak in 2008, a period long enough that some consumers might be taking those moderate costs for granted.
Read the whole article here.

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