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Thursday, March 20, 2014

Natural Gas Prices Coming Back Down After Spike

From The Columbus Dispatch:
Natural-gas prices have begun to moderate after a late-January shock that pushed central Ohio bills to their highest level since 2009.
The recent spike was the result of an unusually cold winter, not a sign of a sustained price increase, so gas customers should not panic, analysts say.
“This is one of the worst winters we’ve ever had,” said Robert Bellinski, an energy analyst for Morningstar. “Nobody really saw it coming.”
Columbia Gas of Ohio customers are paying a regulated price of 61.4 cents per 100 cubic feet of gas, a figure that does not include taxes or fees. This translates into a bill of $125.82 for the average Columbia household, including taxes and fees.
Read the whole article here. 

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