Saturday, September 30, 2006

NatGas Prices Falling

Pittsburgh Tribune Review:
Homeowners can expect this fall to pay natural gas bills with prices close to those of two years ago, before Hurricane Katrina spurred fuel shortages and price spikes...

It's a matter of supply and demand.

"Market prices have been coming down because storage reports show there are more than adequate gas supplies for this winter," said Joe Gregorini, Dominion's manager for regulatory affairs and pricing.

Most of the hurricane-related damage to gas production facilities on the Gulf of Mexico has been repaired. Last winter's weather was mild, and so far this year, weather events haven't disrupted the gas industry.