Saturday, March 14, 2009

Natural Gas Futures Prices Hit 6.5 Year Low

According to data from the NYMEX via the EIA, the price for natural gas futures hit a 6.5 year low of $3.84 (per Mil. BTUs) this week, the lowest level since September 2002 (see chart above).

1 Comments:

At 3/14/2009 8:04 PM, Anonymous jorod said...

Well, you kow they are building a big pipeline from Wyoming to Ohio don't you? Increasing supply, holding demand steady? That reduces prices? Econ 101.

 

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