The Energy Information Administration's November forecast estimates residential prices for natural gas, the most common energy source for heating American homes, will rise only 2 percent over last winter's price. That's a far cry from the 25 percent increase predicted in September's forecast.
Natural gas prices are riding some of the same currents that have pushed gas prices below $2 a gallon in Georgia, according to the administration.
"The slowing economy, continued growth in domestic natural gas production, and the significant decline in oil prices have led to a dramatic shift in expectations for natural gas prices over the forecast," the report read in part.
Prices will be slightly higher than last year because of the pass-through of more costly natural gas that was put in storage earlier this year to meet winter demand, the report said.
Consumers can also compare pricing plans offered by natural gas marketers on the Public Service Commission's Web site, www.psc.state.ga.us.
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