Natural Gas Prices Expected To Rise This Winter

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

After four straight years of price declines, Missouri Gas Energy and Kansas Gas Energy predict small price increases for natural gas this winter, up to $60 for the average residential customer. Last year, a surge in U.S. natural-gas production and a surplus of the fuel from a warmer-than-normal winter caused wholesale prices to collapse to as low as $2 for a thousand cubic feet of natural gas wholesale. The average wholesale price of natural gas in 2012 was $2.75 per 1,000 cubic feet, and the Energy Information Administration expects it to be $3.71 this year and $3.95 in 2014. Black & Veatch, based in Overland Park, Kan., forecasts that average natural-gas prices will be in the $4 to $4.25 range over the next several years.

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