Natural gas is cheap this year, thanks to a warm autumn and new sources of gas. During Thanksgiving week, big swaths of the country enjoyed warm, sunny days and used very little natural gas.
Meanwhile, drillers in Pennsylvania are finding huge reserves of gas, which is driving the price down. Natural gas is trading at about $2.23 per million British thermal units (MBTU). Only a few years ago, it was trading at more than $13.
NPR’s senior business editor Marilyn Geewax joins Here & Now‘s Jeremy Hobson to discuss how low natural gas prices will save people money on their heating bills – a nice compliment to low gasoline prices.
Guest
- Marilyn Geewax, senior business editor at NPR. She tweets @geewaxnpr.
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