The one ray of hope in rising prices, however, is one expert’s suggestion that the price of crude oil could ease up by then, too.
A bit of relief could come from projections of a slightly warmer-than-normal winter, as well, according to the Natural Gas Supply Association (NSGA). However, the forecasts state that this winter will be cooler than the previous two warm winters. Hurricane experts are also forecasting moderate levels of activity, which could pressure the market.
In one year, the average household in the United States uses 84,000 cubic feet of natural gas. However, residential use only accounts for 22%. Industrial is 32% and electric generators are 24%. The majority of natural gas comes from our own domestic supply.
Natural gas ETFs and exchange traded notes (ETNs) include: