Natural Gas Prices
Natural Gas is a very important source of fuel, and I hear a lot about natural gas being a good alternative among fossil fuels for America's energy independence or battling climate change. Although Natural Gas is also a fossil fuel, it is considered cleaner in comparison to Oil and Coal and also produces less CO2 / Unit released.
The earliest I heard (or followed) about Natural Gas was when India discovered large fields of Natural Gas in Krishna Godavari basin in South India. This was a big find for India as the nation relies on foreign imports to satisfy two-thirds of its energy needs. As such, large gas finds in Southern India were a welcome development as they would reduce India's dependence on foreign energy imports. Besides this, Natural Gas was in mind because of T. Boone Pickens - the billionaire oilman. He contended, I am paraphrasing here that Natural Gas is the only fuel that will reduce American reliance on Oil and is available in abundance in United States.
Natural Gas Prices - Natural Gas Futures @ NYME
Natural Gas March 2010 contract ended today at $5.44. Natural Gas opened at $5.436, then reached a high of $5.477, and then settled at $5.443 for the day. For the year, Natural Gas saw its price at 6.027 for the Year 2010 on January 7, and a low of $5.06 on January 28.
The graph below details the progression of Natural Gas Prices for Last 3 months:
Natural Gas Prices($/MMBtu)
Natural Gas Prices as of February 1 are as follows:
NYMEX Henry Hub Future stood at a price of $5.44, while Henry Hub Spot Prices stood at $5.29, and New York City Gate Spot stood at $6.02, which declined by 1.30 - a 17.76% decline.
Natural Gas Prices* Paid By Residential Owners
Natural Gas Prices paid by private residents including apartments for heating and other household applications stood at $11.25 for November 2009. This was a decline of $3.57 since last year of November 2008, when Natural Gas prices for residential purposes stood at $15.19. Natural Gas prices for residential activities have been on decline in the Year 2009 from January to April, and then saw an increase from May to August, rising to $15.12 from $12.51.
*Natural Gas Prices are denoted in $ / Thousand Cubic Feet or ($/MMBtu)
