The relentless rise in natural gas prices continued on Wednesday, highlighting the looming threat to American households bracing for higher heating costs in the event of a harsh winter. U.S. natural gas futures were up 1.11 percent at $6.382 per million British thermal units (mmBtu) in early trading on Oct. 6 after jumping around 9 percent the day prior to settle at $6.312 per mmBtu, their highest level since 2008. While gas prices in Europe and Asia have more than tripled this year, the United States has largely been shielded from the global crunch because of plentiful supplies. While U.S. natural gas is trading around the $6 per mmBTu mark, it’s at around $30-plus in Europe and Asia. But experts warn the global natural gas crunch could have knock-on effects, with possible impacts on households in the United States. “Storage is low in Europe. Storage is low in Russia because they had …
RSS Feed | The Epoch Times