Natural Gas at a Historically Low Price Relative to Oil – NYTimes.com

Energy , Natural Gas Feb 25, 2011 No Comments

Oil WellsCRUDE oil prices have risen this year, and this week they briefly touched $100 a barrel for the first time since 2008.

But not everyone felt the pinch. While gasoline prices were rising in the United States, the cost of heating most homes was actually falling a bit. Natural gas prices are well below their levels at the end of 2010.

As the accompanying charts show, natural gas fell to a historical low relative to oil this week. The price of natural gas is now less than one-quarter that of oil on an energy-equivalent basis.

via Natural Gas at a Historically Low Price Relative to Oil – NYTimes.com.

Tags : , , , ,

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.