Summary
WASHINGTON - With the price of natural gas at its lowest level in more than a year, the industry that supplies this mostly domestic fuel has a message to consumers: Don't get used to it.
Following a warm winter that sapped home-heating demand, U.S. natural-gas inventories have bulged to record springtime levels, and that has caused prices to plummet roughly 60 percent since their mid- December high. Many analysts anticipate a further swelling of inventories in the months ahead and say prices are susceptible to another 20 percent decline.See the full content of this document
Extract
Natural Gas Prices Lowest in a Year
To the extent local utilities can buy and store cheaper fuel, "those are savings that go to the consumers," said Chris McGill of the American Gas Association, whose members deliver...
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