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Showing 1 articles from July 18, 2008.

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We're all dooommmmeedd!!!

Natural gas markets also costly, lawmakers hear

 
FRANKFORT – As gasoline prices rise and fall at local gas stations, a natural gas industry official told the legislative Special Subcommittee on Energy today that the price of that fuel could rise significantly this winter.
 
The potential rise in cost—which could increase 90 percent this winter to around $13-$14 per unit over last winter’s average $7.15 unit cost, according to American Gas Association official Chris McGill—is “an extraordinary increase in unit cost,” said McGill, “remembering that the commodity price for natural gas is about 70 to 80 percent of the consumer bill.”
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