Natural Gas Prices in NYC $28, Dracut, Mass. $30, Boston $22

It happens every winter, but the frequency and severity are increasing. We're talking about the spot price of natural gas sold in large, northeastern cities, which experience price spikes during cold snaps. The reason for the spike is there is not enough gas to go around when it gets really cold, and there's not enough gas because the northeast has blocked new pipelines that would provide enough. With the current cold snap, prices are spiking right now, once again. The spot price for natural gas being delivered at the Iroquois Zone 2 hub near New York City is $28.55/MMBtu. At the Dracut, Massachusetts hub (north of Boston), the price has hit $30/MMBtu. And the price at the Algonquin Citygate (Boston proper), is $20-$22/MMBtu.

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