January 2023 -- $18.11 per 1000ft3
A YOY rise of 19.5%.
NINETEEN POINT FIVE PERCENT! And that was with last January being an 11.6% YOY rise. So in 2 years January natural gas rose 31%.
Posted on 03/31/2023 8:55:24 AM PDT by Tell It Right
Data at the link. Latest is January 2023. This is residential gas prices in Alabama.
January 2023 -- $18.11 per 1000ft3
A YOY rise of 19.5%.
NINETEEN POINT FIVE PERCENT! And that was with last January being an 11.6% YOY rise. So in 2 years January natural gas rose 31%.
Yeah, but it was offset by the temperature being 20% warmerer
no sure if I believe it but it is possible and inevitable eventually .
All these 'endless wars" have been about trying to protect the USD and keep gas prices high
Ironically, over the last 6-8 months, NYMEX gas futures (nearby months) have DROPPED 80%.
Your local utilities are probably behind on their price increases from last year. If their profits were low last year because of their high costs, they will make an absolute mint this year, because their input costs are extremely low now.
To show you the difference in what the producers get versus what the utilities sell it for, spot prices went below $2.00 MMCFG this week. Today, they are at $2.18.
Joe did that!
These are the 4 winter months for the last 3 years for my small 2-bedroom apartment:
Dec 2022 $91
Jan 2023 $136
Feb 2023 $129
Mar 2023 $99
Total amt $455
Dec 2021 $58
Jan 2022 $87
Feb 2022 $124
Mar 2022 $93
Total amt $362
Dec 2020 $48
Jan 2021 $70
Feb 2021 $85
Mar 2021 $78
Total amt $281
My natural gas bill has been $0 since Nov 2021 when I went all-electric. That makes me look smart when natural gas prices keep going up. (And I work it with my wife LOL.) But I hate it for America. I hate the Dims’ stupid war on energy.
Here in Alabama when Obama's EPA forced us to shut down a coal plant, our power company opted to build a natural gas plant to replace it instead of undependable solar or wind. The natural gas plant isn't finished yet but they're using old natural gas plants normally used only for reserve. Thus, my power company has increased demand for natural gas, which increases price locally. This also makes our power bill more impacted with the price of natural gas. (The more my power company pays for natural gas, the higher the rider added to the bill per kWh.). For example, the cost per kWh in our January bill was up 19.5% YOY from prior January.
Bull crap like this is why I went solar and converted my house to all-electric and do most of our driving in an EV. Natural gas, oil, and coal are all way better than solar and would be cheaper to utilize if the Dims didn't get in the way. But the bottom line is I can't drill or mine my own natural gas or oil or coal -- I have to buy them through the energy market the Dims mess up. Solar is the one energy source I don't have to beg for and it's providing 80% of the power we need in our all-electric home, including charging the EV. We shouldn't have to think like DIY energy project engineers to keep government policies from draining us through energy costs. But it is what it is so I do my best to protect my wife's and mine retirement financial planning from being sucked away by energy inflation.
You’ve given your interesting insights on home-solar before.
I will add this point - if TPTB wanted to truly maximize the chance of solar/wind adoption, they would promote a “bottom up” adoption approach. Let the individual/consumer lead it.
Do not force grid-scale conversion. Its not efficient, its not economic, its full of corruption and dirty politics.
Let grid operators choose the best energy for reliability and low cost supply.
Meanwhile, allow individuals to apply renewables as they see fit in their own homes and lives. Producers will respond. Technology will scale up. Conventional energy demand will naturally decline
But leftists/progressives can NEVER do such a thing. They must force “top-down” on everyone. Its why the Soviet Union failed, and we will experience the same.
The raw price for natural gas cratered in the past two months. My monthly gas bill dropped by 25% in March.
In HELLINOIS, gas prices for this past January went up far more than 19.5% and they went up AGAIN in February.
UGGH.
From a political bargaining perspective, one thing that would be fascinating about home solar adoption in the U.S. would be the fact that it's highest potential is in the southern half of the U.S. That tends to have the higher concentration of conservatives. If both our regional grids are stronger than the grids of libtard areas (because our grids would be based on dependable fuels) and if a higher percentage of us as individuals are mostly energy independent anyway, then the northern half (more liberal) of the country needs us (southern half) more than we need them. It'd basically make our relationship with the north somewhat like Russia's relationship with Europe.
Look at the Henry Hub price if you really want to get mad.
Hint, it is going the other direction.
Splain that Lucy.
See post #9.
Huzzah!
The raw price for natural gas cratered in the past two months.
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No kidding! https://tradingeconomics.com/commodity/natural-gas
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