Natural gas prices crumble to near 10-year lows

[Newsjock]

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/natural-gas-prices-crumble-to-near-10-year-lows/article2305691/

U.S. natural gas futures ended down sharply on Tuesday, their sixth straight session loss, as mild winter weather and record high supplies knocked prices to levels seen only twice in the last 10 years.

Prices have dropped 18.7 per cent in the last six sessions, the steepest six-day drop in nearly 4-1/2 years. At the same time strong volume and record high open interest indicate that traders are starting to pile in with bearish bets.

While last week’s drop in the gas rig count and reports some producers were cutting back budgets for gas drilling could eventually tighten supplies, most analysts agree there was little on the horizon that could stem the bearish tide.

[bhikkhu]

1. Meanwhile, my gas bill for december was the highest its been in 14 years

...in spite of a good amount of insulation and keeping the 'stat down to 67. Actually, looking at usage its about the same as last year, but rates seem to have gone up about 25%!

[Yo_Mama]

2. Gas or propane?

There's a difference between natural gas and propane.

[bhikkhu]

3. Natural gas. n/t

[pkz]

4. My gas bill is budgeted and it dropped 20 bucks

128.00 per month to 108.00