Wednesday, January 8, 2014
(Phoenix, AZ) -- Demand for natural gas is sky high as the mercury drops across America. Millions of people are boosting their thermostats to counter the cold, and that means natural gas use is reaching record highs. Natural gas futures for next day delivery have gone from around five-dollars for a million BTUs to near 100 dollars. However, that next-day price is falling as the temperatures warm up. Futures for February delivery are stable. Infrastructure problems are leading to shortages in some areas of the northeast.