US Analysts Split on Gas Prices

Monday, September 26, 2011

While abundant natural gas has led prices to drop and stabilize over the past few years, some analysts expect prices to rise in two to three years.

On the other side of price predictions was Jack Weixel, who was a part of the same panel and predicted gas prices will remain between the $4 and $6 marks for the foreseeable future. Weixel is director of client services with Bentek Energy, a unit of the McGraw-Hill Companies.

While gas demand is growing, production is matching the pace, he said, and the extreme cold and extreme heat of 2010 and 2011 are main reasons why gas prices were in the $4 range for much of this year. "That extreme weather goes away, and we're down in three-dollar land," he said.

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