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GasBuddy News Article

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Natural Gas Settles Below $2

Wall Street Journal -- Natural-gas prices settled below $2 a million British thermal units for the first time since January 2002, crossing the milestone after weak demand and robust production have driven prices down 52% in the past year.
Gas traders, analysts and other market watchers have been anticipating the decline to these levels for months as record U.S. inventory levels have signaled that supplies of the fuel are plentiful. Mild winter weather and the warmest March on record only exacerbated the oversupply situation. Now, as warmer spring temperatures arrive, some investors worry that supplies will overtake available storage, sending prices even lower.

"There's no reason we can't plumb even lower," said Stephen Schork, an analyst at the Schork Group. "$1.50 isn't out of the realm at this point."


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Submitted Apr 11, 2012 By: lordaaron
Category: Daily News Article Discussions > Topics Add to favorite topics  
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REPLIES (newest first) Post a Reply
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Debrastorch
Veteran Author Florida

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Message Posted: Apr 12, 2012 9:39:05 AM

Isn't that still too much $
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DanMtz
Champion Author Oakland

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Message Posted: Apr 12, 2012 9:28:30 AM

A bargain.
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sedonaJ
All-Star Author Arizona

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Message Posted: Apr 11, 2012 11:54:20 PM

this could be a sign ,but of what? we all want it to drop but at what cost?
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amerk73
Champion Author Dallas

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Message Posted: Apr 11, 2012 11:13:28 PM

old news
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335d1
Champion Author Virginia

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Message Posted: Apr 11, 2012 10:18:09 PM

Wait until the speculators arrive.
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JCLNC
All-Star Author Greensboro

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Message Posted: Apr 11, 2012 8:51:14 PM

I'm thrilled to see it lower. It's about time something is going lower.
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esq262
Champion Author Asheville

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Message Posted: Apr 11, 2012 8:33:19 PM

The free market at work.
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TableTalk
Champion Author Virginia

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Message Posted: Apr 11, 2012 6:10:39 PM

Isn't it great to see supply and demand work. Now as long as the Gov't does not get involved and try and "solve" some invisible problem that does not exist here we'll do just fine.
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ToolinIt
Champion Author Colorado

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Message Posted: Apr 11, 2012 5:57:12 PM

SammyAdams, I think that you have a sound investment tip there.
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Kamakani
Champion Author Denver

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Message Posted: Apr 11, 2012 5:21:29 PM

Good Now let's expand the use of NG for more vehicles and install more filling stations.
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SammyAdams
Champion Author Tallahassee

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Message Posted: Apr 11, 2012 5:20:44 PM

From the article: "There's no reason we can't plumb even lower," said Stephen Schork, an analyst at the Schork Group. "$1.50 isn't out of the realm at this point."
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This is music to my ears. While most of us are wondering if gasoline prices have peaked, I wonder if natural gas prices have bottomed out. This might be a great opportunity for investing. Whatcha think?
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Night Owl
Champion Author Toronto

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Message Posted: Apr 11, 2012 4:56:55 PM

Great news.
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ToolinIt
Champion Author Colorado

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Message Posted: Apr 11, 2012 4:44:11 PM

Wish it were possible to convert a large diesel engine to CNG. Some buses and big trucks have done it. Can it be done on a 6.6L diesel and how much would it cost?

[Edited by: ToolinIt at 4/11/2012 5:47:46 PM EST]
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BUSMAN1105
Champion Author Atlanta

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Message Posted: Apr 11, 2012 4:32:49 PM

I GUESS THAT'S WHY MY HEATING BILL IS LOW THIS YEAR!!!!!!!!!!!!!!!!!!!!!!
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buckets42
Champion Author New Jersey

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Message Posted: Apr 11, 2012 4:18:51 PM

My heating bill is going down.
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bandannaman
Champion Author New Jersey

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Message Posted: Apr 11, 2012 4:14:12 PM

Good.
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djwhit
Champion Author Ohio

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Message Posted: Apr 11, 2012 3:39:14 PM

THATS GREAT.........
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humblepie
Champion Author Toledo

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Message Posted: Apr 11, 2012 3:36:08 PM

now watch the epa regulate it right back up to $8
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Penny_Pincher
Veteran Author Columbus

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Message Posted: Apr 11, 2012 3:31:23 PM

Time to go home and light my fireplace.
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