Consumers suffering from this summer’s high AC-accelerated electric bills can find some comfort in the natural gas outlook for this fall and winter.
Gas prices are running much lower this year than last as the glut of natural gas continues to flow. Analysts say increases in drilling efficiency are producing more gas despite fewer new wells being drilled.
Gas already in storage for next winter was 25 percent higher than year-ago levels by the end of the third week in July, according to the latest available information from the U.S. Energy Information Administration. The EIA will update its estimates later Thursday.