George Hiotis

Natural Gas Prices Drop

by George Hiotis on January 30, 2013 at 11:13 am

Customers who buy natural gas from two Ohio providers will pay less in February thanks to high production from shale gas wells and other factors.  The Cleveland Plain Dealer reports that rates will be lower for customers who buy natural gas through Columbus Gas of Ohio’s Standard Choice Offer and Dominion East Ohio.  Beginning Wednesday, Columbia’s price falls 2.5 percent to 46.7 cents per 100 cubic feet.  That price will run to February 27th.  On February 13th, Dominion’s price will fall 3 percent to $3.88 per 1000 cubic feet.  The monthly variable rates are linked to the price of natural gas contracts traded on the New York Mercantile Exchange.