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I was asked last week, after our series on gasoline and diesel prices and how high those prices could go, my thoughts on the price of Natural Gas, and where they could go.
I have been following Natural Gas prices and Natural Gas inventories for years, so I went to my trusty charts and began to piece together a narrative.
Just this year alone, the price of Natural Gas has doubled. We started the year at $3.73 per million cubic feet (MMCF) and closed business yesterday, at $8.796 per MMCF. Here’s that
price chart:
I also looked at the inventory chart for Natural Gas from the Energy Information Agency. That chart showed me that natural gas inventories are starting to trend toward the lower end of the five-year average. Continue reading "And You Thought Gasoline And Diesel Prices Were High"