Nat gas prices up 12,000%

Frozen wellheads have reduced supply and somebody won’t get enough. This has caused a bidding war between regional suppliers. Gas has gone from $3 to as high as $450.

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And this is driving electricity up from 12 cents to $4 a kw.

Word is electricity bills will be in the thousands of dollars at the end of this billing cycle, though they aren’t expected to remain high.

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h/t shovelbum

The news is not confirmed yet…


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