With Cheap/Abundant Marcellus Gas, Why Aren’t Utility Bills Lower?

The price of natural gas is low–and seems to be staying low–for an extended period. In the dead of a brutal winter (for the northeast anyway) the price of natgas has stayed below $3 per thousand cubic feet (Mcf). This morning it was $2.68 Mcf. So what aren’t consumers–those who heat with natural gas–seeing lower prices on their monthly utility bills? None other than the U.S. Energy Information Administration (EIA) tackled that very question yesterday in their Today in Energy publication. We have their article below. In a word, the reason consumers don’t see lower prices is…”regulation”…

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