Natural gas prices rose in 2016 faster than the price of any other energy product or commodity, according to a recent article by FuelFix.com.
Natural gas prices rose nearly 60 percent in 2016. The next highest price increase among commodities was 22 percent for industrial metals. The article says that the summer of 2016 saw natural gas prices spike, driven by demand for natural gas-generated electricity that reached record levels.
Expectations for a colder winter also contributed to higher natural gas prices, the article states. The winter of 2017 is off to a warm start, but analysts expect the colder forecast to hold, with cold weather driving up prices for natural gas, which is currently in short supply.
To read the FuelFix.com article, click here.
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