Natural gas prices at highest since December

WASHINGTON


For consumers, the higher natural gas prices mean heating costs could be elevated this winter for the most popular heating source in the USA if the gains hold. Increased natural gas prices also could lead to higher electricity costs later this summer to power air conditioners, because a large amount of electricity is generated with natural gas.

While the price increases will immediately hit wholesale markets, “eventually that could spill over” to retail prices, says James Osten, principal at Global Insight.

USA Today