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According to Dow Jones on October 12, the US Energy Information Administration (EIA) said in a report on Friday that this winter's US natural gas inventories may be at the lowest level
in more than 10 years.
The EIA forecasts U.
S.
natural gas inventories at 3.
263 trillion cubic feet at the end of the month, which would be the lowest level of U.
S
.
natural gas inventories in the same period since 2005.
Lower inventories, combined with some predictions that this winter's weather will be colder than usual, pushed natural gas prices to an eight-month high of $3.
284/MMBtu earlier this week
.
Still, the EIA noted that rising U.
S.
oil production has kept natural gas prices relatively low and stable
.
In 2005, the price of natural gas in the United States was as high as $15/MMBtu
.
According to Dow Jones on October 12, the US Energy Information Administration (EIA) said in a report on Friday that this winter's US natural gas inventories may be at the lowest level
in more than 10 years.
The EIA forecasts U.
S.
natural gas inventories at 3.
263 trillion cubic feet at the end of the month, which would be the lowest level of U.
S
.
natural gas inventories in the same period since 2005.
Lower inventories, combined with some predictions that this winter's weather will be colder than usual, pushed natural gas prices to an eight-month high of $3.
284/MMBtu earlier this week
.
Still, the EIA noted that rising U.
S.
oil production has kept natural gas prices relatively low and stable
.
In 2005, the price of natural gas in the United States was as high as $15/MMBtu
.
