NYMEX Natural Gas Prices Fall

This has been a cold winter, which has lead to the jump in short term natural gas prices.  The chart below displays the prices for different time periods for Natural Gas Strips, as of January 24, 2014.  These contracts are used to determine prices for natural gas and many electricity contracts.  You can see that the price drops as time moves forward.  This market now provides lower prices for longer term contracts.Natural Gas PricesWhile the futures market is not a perfect crystal ball view of the future, it provides a good indicator for the direction of prices.  If controlling your energy costs is your goal, a longer term will provide better prices and price protection.

Contact the pros at Better Cost Control for more information on controlling your electricity and natural gas costs.