Ad
Warm winter weather keeps natural gas prices stable
This winter’s unusually warm weather is keeping natural gas prices low and stable.
A cold spell this time last year bumped up natural gas prices, but this winter’s warmer weather has kept prices stagnant.
Winter this year is warmer with lower precipitation than normal, according to New Mexico Gas Co. spokesperson Tim Korte, and is expected to stay that way for another 30 days or so.
“As of now, all is stable, which is good news for customers,” he said.
A year ago, temperatures were 10 to 20 degrees lower than normal, causing gas prices to spike around five times higher.
Korte noted that New Mexico Gas has “ample storage and supply contracts” lined up just in case weather or supplies change.
Temperatures in Albuquerque are expected to dip next week, with highs reaching the low- and mid-40s before coming back up again.
