U.S. natural gas prices hit 14-year high
米国の天然ガス価格が２００８年以来の水準に急騰し、ガソリン価格下落の恩恵が相殺されそうな勢いです
US natural gas prices have soared to levels not seen since 2008, likely offsetting the benefits of lower gasoline prices.
Natural gas futures soared 7% on the 16th, closing at $9.33 per million BTUs (British Thermal Units), the highest closing price since August 1, 2008.
Increased demand is one reason for this summer’s soaring prices
Unusually hot temperatures across the United States forced people to turn on their air conditioners
So natural gas inventories are running low.
As temperatures drop in the fall and winter, soaring natural gas prices will have a major impact on household budgets
Natural gas is not only the primary fuel for generating electricity, it is also commonly used to heat homes in the United States.
Europe’s natural gas crisis is due to its dependence on Russian energy
Russia cut natural gas exports to Europe after Western sanctions
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