Nat gas prices up 12,000%

Sharing is Caring!

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.

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.

 

 

h/t shovelbum

The news is not confirmed yet…

638 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.