Wednesday, June 25, 2008

Heating, Electricity Rates Rising As Prices For Natural Gas Surge

Consumers struggling with $4 gasoline face ballooning costs for another energy source: natural gas. Natural gas futures have vaulted 154% since Aug. 27 to $13.203 per million British thermal units on Monday. The run-up has outpaced the rise in crude oil, which has doubled. Consumers may not feel the full impact immediately, but continued high prices will push up monthly utility bills, if they haven't already done so. Americans often use natural gas for heating stove tops and water, but they see a bigger hit when they fire up gas furnaces...

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