As the debate over exporting America’s abundant supply of natural gas heats up on Capitol Hill, the price of the commodity continues to fall. With U.S. supplies well above normal for this time of year, the price is down 9 cents, or 3.1 percent, to $2.69 per thousand cubic feet in morning trading in New York, the Associated Press reports. They’ve fallen by 13 percent in the past week, AP noted. About half of U.S. homeowners use natural gas for heat, and so far it's been a mild winter.

Americans are using less at a time at a time when production is booming, thanks in large part to shale resources.

Supplies are 13.4 percent higher than what they were a year ago and 17 percent above the five-year average, according to the Energy Information Administration.

Read more about falling natural gas prices and the rising price of oil here.

Read about the Cheniere Energy’s approval to export liquefied natural gas from Sabine Pass Terminal in Cameron Parish and the ongoing controversy over how that might lead to higher energy prices at home here.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

Loading
Chart
ABiz Stock Watch
o Home Bancorp 23.15 ▲0.05 (0.22%)
o Frank's International 19.53 ▼0.40 (-2.01%)
o IberiaBank Corp 67.58 ▲0.08 (0.12%)
o LHC Group 23.96 ▼0.11 (-0.46%)
o MidSouth Bancorp 18.69 ▼0.11 (-0.59%)
o Petroquest Energy 4.11 ▲0.11 (2.75%)
o PHI Inc. 41.27 ▲0.18 (0.44%)
o Superior Energy 23.38 ▼0.84 (-3.47%)
o Stone Energy 20.83 ▼0.78 (-3.61%)
o Facebook Inc. 77.62 ▲1.99 (2.63%)
o Twitter Inc. 41.13 ▲1.37 (3.45%)
o Gannett 32.74 ▲0.48 (1.49%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:23.15 Trade time:4:08PM EST Value change:▲0.05 (0.22%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:19.53 Trade time:4:06PM EST Value change:▼0.40 (-2.01%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:67.58 Trade time:4:08PM EST Value change:▲0.08 (0.12%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:23.96 Trade time:4:08PM EST Value change:▼0.11 (-0.46%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.69 Trade time:4:00PM EST Value change:▼0.11 (-0.59%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.11 Trade time:4:03PM EST Value change:▲0.11 (2.75%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:41.27 Trade time:2:42PM EST Value change:▲0.18 (0.44%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:23.38 Trade time:4:06PM EST Value change:▼0.84 (-3.47%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:20.83 Trade time:4:05PM EST Value change:▼0.78 (-3.61%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:77.62 Trade time:4:08PM EST Value change:▲1.99 (2.63%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:41.13 Trade time:4:01PM EST Value change:▲1.37 (3.45%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:32.74 Trade time:4:03PM EST Value change:▲0.48 (1.49%)
Advertisement

Economic Indicators

  • Real Estate Data
    Real Estate
     
    Rentals
     
    Commercial
     
     
  • Energy Data
    Oil
     
    Gas
     
     
  • Taxable Sales
    Register
     
  • Unemployment Rate
    Employment
     
 

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement