Natural gas in U.S. soars to world’s priciest in icy squeeze

THE WINTER STORM on the east coast has driven up demand for natural gas. / BLOOMBERG
THE WINTER STORM rolling up the Atlantic coast has driven up demand for natural gas. / BLOOMBERG
NEW YORK - Natural gas surged to 60 times the going rate as howling blizzard conditions stoked demand for the furnace fuel across the U.S. Northeast. Spot prices for the fuel used to heat homes and generate power reached a record $175 per million British thermal units in New York, according to Consolidated Edison Inc. Other…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -