Why is natural gas cheap and easy to use?
Answers
Explanation:
Natural gas prices are a function of market supply and demand. Increases in natural gas supply generally result in lower natural gas prices, and decreases in supply tend to lead to higher prices. Increases in demand generally lead to higher prices, and decreases in demand tend to lead to lower prices
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Answer:
Natural gas prices have been low this year. You can’t complain about that. Recently, natural gas broke the psychological $2 mark which may beg the question of how much lower natural gas will go. It has since gone north of $2 but that doesn’t change much of anything. Natural gas is still relatively cheap. According to the United States Energy Information Administration, in June 2008, natural gas hit a high of $12.41 per thousand cubic feet. In just four years, natural gas has declined almost 80% and according to energy analysts, there is nothing stopping it from going lower. Here are four reasons why.