Natural Gas Prices are Down

Natural gas prices are determined by supply and demand. Factors that effect demand are weather and the price of oil. As the weather gets colder, demand increases. When oil prices rise significantly, there is a shift to natural gas by residential, commercial and industrial customers. The supply depends on how much gas is stored in reserves and the the number of operating wells.

You can find current natural gas prices at WTRG Economics and futures.tradingcharts.com

The Energy Information Administration (EIA) maintains an excellent "everything you want to know" site that includes reports and data about natural gas, oil and other energy resources. The chart of monthly wellhead natural gas prices shows the cyclical price pattern of natural gas prices and the recent price bubble.

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Posted October 17, 2006.