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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.
In 2013, the country produced 30.0 trillion cubic feet (TCF) of marketed gas. [3] With 7,545 billion cubic feet (BCF), the leading gas-producing area in the United States in 2013 was Texas, followed by Pennsylvania (3,259 BCF), and Louisiana (2,407 BCF). [4] US natural gas production achieved new record highs for each year from 2011 through 2015.
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]
Natural gas prices at the Waha Hub in West Texas have ... 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 ...
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 cold temperatures ...
The cost of gas has been volatile in recent years as markets react to world events, but it hasn't always been that way. ... Price per gallon: 20 cents. Adjusted for inflation: $3.83.
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