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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.
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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. [15]
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The natural gas markets have gone back and forth during the course of the trading session on Wednesday as we continue to hover around the 200 day EMA.
Example: How many standard cubic feet are in 1 cubic foot of gas at 80 °F and gauge pressure 50 psi? (assuming that there is 13.6 psi atmospheric pressure and ignoring super compressibility) V s = 1 cu ft × [(13.6 psi + 50 psi) / 14.73 psi] × [(60 °F + 459.67 °F) / (80 °F + 459.67 °F)]
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