Oil’s Drop Offsets Natural Gas Price Spike to Cool Inflation
As temperatures plunged deep into freezing territory last month, natural gas prices surged, but the upward pressure from heating fuel demand was more than offset by other consumer energy costs in the federal government’s latest inflation reading.

At A Glance:
- U.S. inflation rate at 2.4%
- Consumer gas prices up 9.8%
- Heating demand to dissipate