PITTSBURGH (AP) — Wholesale natural gas prices have doubled during
the last year, and that's bringing sighs of relief from an unusual
variety of interests.
Soaring production and an unusually warm winter sent prices plunging
to under $2 per thousand cubic feet last spring, prompting some to
wonder whether the natural gas boom would kill demand for both coal and
new renewable energy.
But natural gas is now just over $4 per thousand cubic feet. Energy
experts say prices in the $4 or $5 range won't affect the increasing use
of the fuel by consumers and industry since the price was $8 just a few
years ago. In Europe and Asia prices are even higher — $10 to $14.
READ MORE: http://bigstory.ap.org/article/natural-gas-prices-rise-historic-lows
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