Natural Gas Prices Are Down

Natural gas prices are down 60% since December, and the world's suppliers are looking at a major oversupply situation. Bad news for Putin's effort to blackmail Europe, by attempting to restrict natural gas.

As an aside, will MAGA credit President Biden for this? Just kidding.

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PTCdresser57 · 61-69, M

Unless it is Trump or a GOP politician....MAGA gives credit to no one.

saragoodtimes · F

I've been using up to 10% less gas each month this winter yet my cost is up at least $50 each month over last year

Northwest · M

@saragoodtimes You should take it up with your local utility.

saragoodtimes · F

@Northwest they apply for a rate and the state PUC decides whether to approve it or not

Northwest · M

@saragoodtimes It's the same everywhere. They also make some very bad decisions when it comes to fixed-price contracts.. They bought a contract at a price that's 60% higher than what natural gas is selling for today.

whowasthatmaskedman · 70-79, MVIP

It was always going to go the way of all trade wars. Alternative supplies would be found, and the person who started it would lose out long term.. The oil companies are facing the same issue ....😷

Carla · 61-69, F

😅🤣😅

Funlov · M

It’s because drilling programs are up

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