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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.
Price per million BTU of oil and natural gas in the US, 1998-2015 Natural gas prices spiked to $23.86 on February 17, 2021 because of the Texas power crisis. [ 14 ] In February 2003 there was a similar spike in natural gas prices because of shortages.
Colder climates generally rely on natural gas, while warmer areas of the country use electricity-reliant appliances. It is estimated that 65% of the Midwest uses natural gas for heating, which ...
The price of natural gas varies greatly depending on location and type of consumer. The typical caloric value of natural gas is roughly 1,000 BTU per cubic foot, depending on gas composition. Natural gas in the United States is traded as a futures contract on the New York Mercantile Exchange. Each contract is for 10,000 million BTU or 10 ...
Americans, who had been feeling some relief at the gas pump, are being hit again by rising prices.Indeed, the latest consumer price index (CPI) data, released March 12, showed that gas prices were ...
GOBankingRates compiled state gasoline price averages from AAA. Find out if you're overpaying at the pump compared to the average gas price in your state.
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