AP
Natural gas price plunge aids families, businesses

Tuesday, January 17, 2012

The price of natural gas is plummeting at a pace that has caught even the experts off guard.

A 35 percent collapse in the futures price over the past year has been a boon to homeowners who use natural gas for heat and appliances and to manufacturers who power their factories and make chemicals and materials with it.

The most likely near-term scenario is that prices keep falling, according to Rusty Braziel, an analyst at Bentek Energy.

"This ain''t the bottom," he says.

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