Two Directions for the Prices of Natural Gas and Oil - New York Times

By
Viraj
on February 26, 2011 5:02 AM | | TrackBacks (0)
But not everyone felt the pinch. While gasoline prices were rising in the United States, the cost of heating most homes was actually falling a bit. Natural gas prices are well below their levels at the end of 2010.

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As the accompanying charts show, natural gas fell to a historical low relative to oil this week. The price of natural gas is now less than one-quarter that of oil on an energy-equivalent basis. That steep divergence reflects the fact that while natural gas and oil can sometimes be used as substitute fuels, for the most part they are two different markets. One is global, while the other is continental. And that can make all the difference.

Two Directions for the Prices of Natural Gas and Oil - New York Times

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This page contains a single entry by Viraj published on February 26, 2011 5:02 AM.

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