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Wednesday, February 5, 2014

Natural Gas Prices High & Will Stay High

Natural gas customers will continue to feel the sting of high prices well into this month, and possibly March.

The high prices are being caused by demand in New England where pipeline capacity is limiting the supply. The shortage is limiting the gas in Boston and driving up prices through the region.

There are plans to expand pipeline capacity to New England which would limit this kind of price hike--but that won't be finished until next winter.

In a statement, the Energy and Utilities Board stated the price for natural gas is set by the regional market, and not the Board.