The traded price of natural gas dropped below $1.95, the first time since 2020.
Traded price of natural gas drops
- Thread starter Snagglefoot
- Start date
Interesting, propane price graph. Price has firmed up this year.
Yes, propane normally follow the price of crude oil with some anomalies because of propane export prices.
Good! My home natural gas choice agreement period starts April 1. Hope it heads even lower! My last 2 year agreement is $113 all in with unlimited use. I don't remember what the price was 2 years ago in April but I hope to be paying less. One choice is the pass-on rate which is great when prices are low but can become nasty with large price jumps.
When the USA started exporting liquefied natural gas, I thought prices would increase. But they have not.
Remember, this is the "Henry Hub" price, not the "City Gate" price where it is delivered to your natural gas distributor. If the Henry Hub gas cannot get to you due to pipeline constraints, that is a problem.
Lower natural gas prices should also reduce marginal electric power pool prices where fossil fuel is still used to generate electricity.
But don't expect the price of Pennzoil Platinum to drop.
Remember, this is the "Henry Hub" price, not the "City Gate" price where it is delivered to your natural gas distributor. If the Henry Hub gas cannot get to you due to pipeline constraints, that is a problem.
Lower natural gas prices should also reduce marginal electric power pool prices where fossil fuel is still used to generate electricity.
But don't expect the price of Pennzoil Platinum to drop.
I think that the pipeline capacity constrains the price in Wyoming. You see much flaring on wells around here because of infrastructure. new wells that flare are everywhere and flare forever it seems.