Natural gas prices were lower on Monday amid forecasts for mild winter weather and a report that a Freeport LNG export hub in Texas asked federal regulators for permission to resume operations.
So far this year, natural gas prices have shed more than 30% and nearly 80% from an all-time high hit in August 2022, after Russia cut off gas flows to Europe and sparked an energy crisis there. Resuming full operations and exports would help bolster prices as more US supplies would likely be shipped overseas.
Meanwhile, forecasts for mild winter weather continued to weigh on natural gas prices as demand for the heating fuel lags.
sharrond62 And we will still be paying through the nose for Gas and Electric, and the Tory Government will do sod all.
Yet gas and electric prices remain at all times high. So whos looking out for the consumer while all this gouging is going on by the gas and electric companies? Last week Shell announced record profits of 23 billion at everyones expense.
Then why did my bill go up 23% ?
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