Opinion: December 6, 2021. Warm Weather in the United States is Driving Natural Gas Prices Down

The price of natural gas is decreasing at a fast rate. The reason for this is most likely the warm temperatures predicted for the next few weeks in the United States. The contracts for January 2022 fell 8% to $3.80 per million British thermal units (BTU), the lowest price since August. It also represents a decrease of about 40% compared to October prices.

In addition to higher temperatures than usual, increased supply of natural gas from the Marcellus shale region is assuring a good supply of natural gas that may last for the whole winter season.

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This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.