Thursday, October 4, 2012

Gas Prices: Pain in Context

I was playing around with some numbers this morning and pulled together the chart below.

As you can see, the red line is the current year and the blue shaded area is the range of prices from 2007 to 2011.  It gives you some context to see just how low this year's natural gas prices have been.  While prices are easing back into the shaded area, keep in mind that the low end of the range is from 2009 when we thought the sky was falling, at least in terms of natural gas prices.

In other words, hardly an auspicious achievement.

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