Heating Bills Could Get Expensive This Winter
A natural gas shortage could mean extra-high heating bills this winter.
Gas supplies were hit hard by Hurricane Ida, with 78% of gas production in the Gulf of Mexico still offline. Meanwhile, natural gas prices are currently at a seven-year high.
That could add up to very expensive heating bills this winter – for the more than 50% of U.S. homes that use natural gas.
Natural gas prices, supply signal expensive winter heating bills by @EnergyPhilFlynn
Natural Gas storage supplies are 16.8% below year-ago levels…https://t.co/1ZF5IF5N9L pic.twitter.com/mkoMhVABAw— PRICE Futures Group (@PRICEfutures) September 13, 2021
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