September 16, 2021 – CBC News
Why natural gas prices have surged to some of their highest levels in years
By: Tony Seskus
Martin King, senior analyst at RBN Energy, said the Alberta spot price for natural gas was around $4.80 a gigajoule on Thursday morning. With the exception of a February price spike amid a nasty North American cold snap, it's some of the highest prices he's seen in years.
"It's pretty astounding," King said.
"We're seeing seven-year highs for natural gas both in the U.S. and Canada and, on the international front, we're seeing pretty much close to all-time highs in many markets worldwide."
While those prices will help natural gas producers, it'll have consumers facing higher gas bills at a time when they're already paying more for housing, transportation and food.
"We'll see how the spring and summer next year shape up," King said. "But in the very short term, going into the winter, we're all going to be facing higher natural gas bills."
It's part of an international story.
Read the full article here: https://www.cbc.ca/news/business/natural-gas-prices-surge-1.6175531
