Natural gas drops 2.4 percent with supplies now 61 pct higher than average

Energy , Natural Gas Apr 06, 2012 No Comments

Natural gas futureNatural gas futures on Thursday gave up 5.2 cents, or 2.4 percent, to finish at $2.089 per 1,000 cubic feet in New York. That’s the lowest price in more than a decade.
America’s vast supply of natural gas is getting even bigger. And prices are falling even lower.

The country’s total supply is now 60.5 percent higher than the five-year average. It has expanded by so much, and so quickly, that analysts now wonder if the country’s pipelines and storage facilities will eventually run out of room.

via Natural gas drops 2.4 percent with supplies now 61 pct higher than average; oil reclaims $103 – The Washington Post.

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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.

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