US natural gas prices have hovered around the $4 per million British thermal units (mbtu) mark for the past few years now. They've slipped back in recent months summer demand for air conditioning was lower than usual, while supply grew by 4% compared to last year, as producers pumped out more gas.
But in the long-term, expect prices to rise. Hydraulic fracturing (fracking') technology has made it possible to extract gas from once-inaccessible rock formations, giving supplies a huge boost. But demand should gradually catch up.
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