Friday, April 6, 2012
EIA: Spot Crude Prices Near 12 Month High, Natural Gas and Power Prices Near 12 Month Low
Key wholesale energy price benchmarks for crude oil, natural gas, and electric power reflect contrasting trends over the past year. International events have contributed to higher wholesale crude oil prices, whereas high levels of domestic natural gas production coupled with mild weather and record storage inventories have lowered wholesale natural gas prices. Because natural gas remains the marginal fuel in most electric power markets and because low heating and cooling demand in recent weeks have reduced electricity demand, electric power prices remain low as well. The figures above compare recent weekly price ranges (for March 29, 2012 - April 4, 2012) to the range of wholesale prices during the past year.
Subscribe to:
Post Comments (Atom)
1 comment:
Higher gas prices are a new reality that must be faced by the American people. There is no technical fix to this problem until the competing factions on the issue begin to adapt and reconcile their values toward energy policy.
http://chriscrosby.net/blog/2012/03/16/americas-gas-pains/
Post a Comment