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Note that, for natural gas price comparisons$, per million Btu multiplied by 1.025 = $ per Mcf of pipeline-quality gas, which is what is delivered to consumers. For rough comparisons, one million Btu is approximately equal to a thousand cubic feet of natural gas. [8]
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]
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 been negative a record number of times so far ... Waha gas closed at -$0.845 per million British thermal units and sank as low as -$4.595 in ...
In the U.S., utility gas prices in September were 70% higher than in recent years. Europeans, who already pay much higher for natural gas, saw bills rise sharply by 50% — for example, in Estonia.
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