Natural gas price spikes: causes and potential cures. (A market primer).

Consumers' Research Magazine | January 1, 2003 | Copyright

Natural gas is an essential energy source in this country that has many applications, including heating more than 59 million homes and 5 million businesses, powering industrial and agricultural production, and generating a substantial amount of the nation's peak electricity needs. During the winter of 2000-2001, the wholesale price of natural gas peaked at a level almost four times greater than the average price since 1993. Figure 1 (on page 21) reflects this price spike in relation to natural gas prices over the period from 1993 through 2001.

[FIGURE 1 OMITTED]

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