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Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe.
The bill for a typical residential heating customer who uses 73.6 hundred cubic feet (ccf) of natural gas per month, and purchases their supply from UGI, will increase on June 1 from $90.94 to $95 ...
At the end of July, Waha gas closed at -$0.845 per million British thermal units and sank as low as -$4.595 in May. Last year, Waha natgas prices were negative on nine trading days.
Natural gas has been the largest source of electrical generation in the United States since July 2015. In 2012, the United States produced 25.3 trillion cubic feet of marketed natural gas, with an average wellhead value of $2.66 per thousand cubic feet, for a total wellhead value of $67.3 billion. [2]
Established maximum lawful prices for the sale of natural gas, which were phased out over a series of years, allowing market forces to set natural gas prices. [ 1 ] The Natural Gas Policy Act (NGPA) was the first building block in a plan from the Carter Administration to increase energy supply while reducing domestic consumption of energy. [ 2 ]
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