Hart & Iliff - Article - Prices Spike

Natural Gas And Propane Prices Spike...

The following are quotes from several articles that appeared in The Wall Street Journal in December 2000.

"Consumers will face record natural gas prices all winter because of soaring demand and a dwindling supply, energy experts told Congress.'
"Prices for natural gas...have jumped more than four-fold in the past year ... For consumers, the price boosts could translate into winter heatinig bills that jump 50% or more."
"To some economists, the potential shock from escalating natural gas prices could be bigger than anything the economy has seen in decades."
". . . the rise in natural gas prices will have a much bigger impact on households than the rise in oil prices..."

Energy related commodities are traded on the New York Mercantile Exchange (NYMEX). The prices set on the NYMEX determine the wholesale and retail prices of these commodities. At the start of the winter heating season, on a BTU equivalent basis, natural gas was trading at 51 cents per gallon more than heating oil. Propane, which spiked along with natural gas, was trading on a BTU equivalent basis at 40 cents per gallon more than heating oil.

Once again, when it comes to heating your home, it is clear that heating oil is your best value.

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