Arctic Weather Not Bringing Skyrocketing Natural Gas Prices With It

Natural gas consumption has soared during the past couple of weeks of arctic weather and it's a good bet that next month's bill will include a built-in shudder. 
Columbia Gas of Ohio estimates delivered gas volumes this week are double what they were during the first week of last January. Dominion Energy of Ohio said gas volumes in its Ohio lines were running as much as 54 percent higher than a year ago. 
Average residential bills are expected to increase by about $20, Columbia estimates because of the extremely cold temperatures. 
Still, prices per unit of gas for some Ohio consumers are actually falling. 
Dominion and Columbia customers who rely on their utility's monthly variable price are now paying, or soon will pay, less per unit of gas they buy this month than they did in December.
Read the whole article by clicking here.

Connect with us on Facebook and Twitter!

Popular posts from this blog

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Is a Strong Oil Demand Expected This Year?

Pennsylvania Operator To Acquire Three Natural Gas Producers