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Natural-Gas Prices Surge as Summer Cooling Season Switches On

The Wall Street Journal · Ryan Dezember · last updated

Natural-gas prices are heating up ahead of air-conditioning season, hitting the highest level in about 14 years.

Prices topped $9 per million British thermal units for the first time since 2008, before frackers flooded the market with cheap shale gas. The cost of the power-generation fuel has added more than 20% this month and tripled over the past year, adding pressure to household budgets and manufacturing costs.

 

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Related Knowledge Center: ENERGY BASICS: natural gas

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