Posted on 05/26/2022 2:23:33 PM PDT by Mariner
U.S. natural gas prices have skyrocketed nearly 150% this year while inventory levels have shrunk, signaling more consumer pain ahead of the summer season.
The Henry Hub natural gas spot price, an indicator of nationwide prices, stormed past $9.30 per million British thermal units (MMBtu) Thursday, up from its early January price of $3.74 per MMBtu and the highest level since 2008, according to government data.
U.S. natural gas inventories have been drained in recent months, declining 17.6% year-over-year and down 15.3% relative to their 2017-2021 average, additional data released Thursday showed.
“There’s almost no ceiling for natural gas,” Kent Bayazitoglu, an energy analyst at the firm Baker & O’Brien, told The Wall Street Journal. “You can reduce your driving a lot easier than you can reduce your natural-gas consumption.”
“It’s like a roller coaster,” Bayazitoglu added. “You don’t get nervous going down, but going up.”
(Excerpt) Read more at tampafp.com ...
Because they hate you as much as they hate Russians, they have restricted the amount of gas on the market, and are shipping vast quantities to Europe to make up for the Russian embargo.
Natural Gas is the largest source of US electricity at 38%. So yeah, it matters in the summer too.
Everyone in the US will pay a lot more for electricity this summer due to these fools.
Waiting for embargo supporters to show up and announce themselves.
And/or to deny this is a problem.
Glad I went with propane. Only 1.69 a gallon!
Can’t wait to see my next gas bill. At least, as Summer approaches, I won’t be using the heater.
Looks like the administration, hates Americans MORE than the Russians.
Where the hell can you get propane for 1.69?
Looks like?
If it’s not obvious to you by now that they want most of us dead, the rest in chains, you’re not paying attention.
And the answer is so simple.
Think of George Floyd rasping out “I can’t BREATHE!”
Just remove the knee pressed up against our collective throats.
Marie Antoinette was not this tone-deaf. And see how that worked out for her.
“Looks like the administration, hates Americans MORE than the Russians.”
Every neocon on this site supports the reduction in the availability of natural gas, and therefore these price increases.
It’s not just the Biden admin.
It’s ALSO most of the Republicans in congress. And THEIR supporters.
Pinging the only two neocon posters my aged mind can remember. Hoping they’ll be able to explain why this is good for America.
Yeah, I paid 3.53 a gallon on 4/17 for 600 gals.
All while demanding we drive EV's.
Ouch.
Mine was around $2.60 this year.
Huh. About $3.25 here for residential service, and now that you mention it, probably cheap compared to what it will be in October.
I paid as high as $3.40 this past winter.
Where?
I am about to make “the call” and it is making me feel sick. I need 700 gallons. Lord help me....
the VA average is $3.70. I am screwed.
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