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Thursday, March 08, 2012

Natural Gas Drops To A 10-Year Low; Oil Rises

NEW YORK (AP) - The price of natural gas has dropped to the lowest level in a decade as a mild winter ends with an apparently huge surplus of the fuel on hand.

Natural gas supplies typically drop in the winter as homes and business crank up the heat. But relatively warm temperatures, combined with a boom in production, has left storage facilities bloated with more gas than normal.

The government said last week that supplies were 45 percent larger than average for this time of year.



Anonymous said...

Drill Baby Drill

Anonymous said...

Dont worry, you wont see your gas prices go down next winter either. Theyll probably continue to go up because profit profit profit!!!!