Natural Gas Prices Surge
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Early gains in U.S. natural gas futures appear related to European and Asian physical buyers hedging in U.S. markets, according to Tradition Energy.
US natural gas futures (NG1:COM) are trading around $2.86 per MMBtu, marking a significant decline that has wiped out the winter spike we saw earlier this year. Read more
Madison Wolf, who lives in the Hembstead neighborhood in southeast Charlotte, said her most recent gas bill was about $600 — up from $400 the month prior and around $350 last winter. Wolf said she didn’t increase her gas usage in any meaningful way and tried to conserve during recent winter storms.
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I see seniors on fixed incomes walking in with shaking hands because their gas bill is now higher than their grocery budget,” one woman said.