M-U Drilling Slowdown Driving NatGas Prices Higher This Winter

If you live in New York City, Boston, or anywhere in the states of New Jersey, Massachusetts, Connecticut, Rhode Island, or New Hampshire, brace yourselves to pay much higher prices for your natural gas this winter. That’s according to an analysis by S&P Global Platts. Right now the forward strip prices at key trading hubs in those locations show prices for natural gas in the range of $6.00-$6.63 per thousand cubic feet (Mcf), about twice the price of last winter.

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