Natural Gas Prices Decline 10 Percent in one day, 23 Percent in one week

This is good news, not just because small businesses like stampers are hard hit by energy costs, but because many of our parts go out to heat treating, austempering, case hardening or other gas-intensive processes.

Yahoo! Finance

Natural gas futures plunged 10 percent Tuesday, settling at their lowest level in three and a half months amid forecasts calling for mild U.S. weather over the next week. It was the third straight decline for natural gas prices, which have fallen 23 percent since Wednesday, and the selloff triggered a decline in other energy futures.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.