A recent article on Forbes.com states that natural gas prices are poised to increase by 40 percent to 60 percent.
“Natural gas prices averaged a little more than $2.50 per million Btu in 2016. Those days are over,” the article states. “Prices will average at least $3.50 to $4.00 in 2017. Prices have more than doubled since March 2016, but gas is still under-valued. Supply is tight because demand and exports have grown, and shale gas production has declined.”
The writer had predicted in 2016 that prices would double, and they did. “Nevertheless, gas prices are still too low,” the article states.
To read the Forbes article, click here.
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