With El Nino and warmer temperatures so far this month, not to mention the storage glut and low prices, natural gas suppliers are feeling the hit again and consumers will see low energy prices.
Pittsburgh Tribune-Review reports that typically, natural gas producers see an increase in revenue during the winter months, but that may not happen this year, especially in places like Pennsylvania where the shale industry has been prolific.
On the New York Mercantile Exchange, January gas delivery is at $1.894 per million British thermal units. According to the newspaper, this benchmark is 34 percent lower than last year’s price.
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