It's a Natural Gas Miracle.

[gizmo1979]

Surprisingly right after the heating season they found a glut of gas!Gas is down 65% since March gas was $1.19 cents a therm now under .60 cents a therm nothing fishy going on there.Ah the rich just keep raking it in.

[mom cat]

1. Son of a snake oil salesman! K&R

[Kutjara]

2. Don't you know that natural gas...

...migrates south in the Winter? That means that you have to pay more to encourage some of it to forego its vacation and stick around in the cold and snow. Come the summer, gas is back, fully refreshed and rarin' to go!

[Nickster]

4. Geeezzz, NOW you tell me?? I could have used that info a few months ago!

[gizmo1979]

10. I did not know that.

well maybe we could coax it back with a wet T-shirt contest in Chicago in Jan.?

[eleny]

3. Can you provide a link or source of some kind?

[Xeric]

5. chart

[eleny]

6. And with a chart, too! Thanks!

[gizmo1979]

7. i got it out of the Business section

commodities market prices and my gas bill.

[Jacobin]

8. I'm astounded!!!! It gets Warmer in the Spring?????????

How in the heck does that happen?

(I have a small natural gas royalty I've been getting for 15 years or so. My checks are always higher in the winter when there is demand for heating from natural gas and low in the summer.)

[gizmo1979]

9. 65% that seems a bit excessive

don't you think?I understand natural fluctuations,but come on 65%.

[Jacobin]

11. My check in the summer is 1/3 of what it is in the winter

Natural gas has big price fluctuations.

Some years the fluctuations are bigger than others.

[catnhatnh]

13. Ah....

...the consumer is fluct again........

[Spider Jerusalem]

12. ...

It's May. There's almost no demand for natural gas for home heating (unlike in winter). Not only that, but natural gas production in North America has peaked (over a year ago) and is in decline (and has been for, again, at least a year or longer). Declining production + increased seasonal demand = higher prices. Easing of demand pressures thanks to warm weather = lower prices. Very simple economics.