Weather always has been, and remains, THE prime factor in the price of natural gas. In wintertime cold temps lead to the use of more natural gas to burn as heating fuel. In the summer months, high temps mean more electricity is used to power air conditioning units. Last Friday forecasters predicted a spike in temps in the midsection and northeast parts of the country. Along with that forecast came a spike in the price of electric power in both regions, and closely tied to it, a spike in the price of natural gas in both regions.
Weather always has been, and remains, THE prime factor in the price of natural gas. In wintertime cold temps lead to the use of more natural gas to burn as heating fuel. In the summer months, high temps mean more electricity is used to power air conditioning units. Last Friday forecasters predicted a spike in temps in the midsection and northeast parts of the country. Along with that forecast came a spike in the price of electric power in both regions, and closely tied to it, a spike in the price of natural gas in both regions.