WASHINGTON — Natural gas working inventories (underground storage quantity) at the end of October are about the same as last year’s record-setting levels, resulting in a decline in prices for the last two months, according to the latest U.S. Energy Information Administration (EIA) short-term energy outlook.
Mild weather, high production and the absence of significant hurricane activity in the Gulf of Mexico also contributed to the large inventory build.
WASHINGTON — The Energy Information Administration’s (EIA) short-term energy outlook for November indicates that the current economic downturn has led to a decrease in energy demand and a reduction in crude oil and other energy prices. As a result, projections for both energy demand and prices are much lower than last month’s outlook.
WASHINGTON, D.C. — Consumers may pay record prices for heating oil and natural gas this winter, according to a report from the National Energy Assistance Directors’ Association (NEADA).
Heating-oil consumers will see the worst price increases, with an expected 10.5% rise from last winter. Natural-gas customers can expect to pay 5% more, and those who use electric power to heat their homes and businesses are likely to see a 7% increase.
