New England, California to See Soaring Energy Costs This Winter

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(Bloomberg) — Natural gas futures have been soaring, and they’re set to get especially high in New England and California in the coming months.Most Read from BloombergU.S. inventories are tight, to the point where a harsh winter could mean a supply crunch. Any shortages would have an outsized impact on New England, where limited pipeline capacity makes it harder to bring gas from Appalachia.Looking at gas for January delivery at the Algonquin City Gate, which includes Boston, the premium compared to benchmark Henry Hub futures has more than doubled from last year to about $13 per million British thermal units.The region also relies on imports of liquefied natural gas cargoes during the cold season, making it more exposed to international prices …

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