Very nicely written, attentive, and informative.

USNews

Hit -24C last night (Eastern Ontario/Northern New York). For the last while its been normal to get rain for this time of year (had four white christmases in the past 9 years)

so much for our mild November weather helping Nat Gas prices

Good article ignores an important connection. The oceanic disruption (caused by humans) warming the Gulf and creating monster storms, is always freezing the Northeast. Found the flashing marijuana leaf infuriating. Same idiots melting the icecaps are paying for that advertisement.

Holy shit. My gas pressure is too low to keep the low setting lit on my stove. I first noticed it last night when cooking rice. I always use the same setting and the exact same cooking time. Well last night the flame was flickering at that setting. This morning, the flame sputters out and I smell gas. I live in California and shouldn't be prone to this? Right? . . . right?

There's always been a threat of the pipelines getting too empty. It almost happened a few years back in the east.

Remember just because gas is available doesn't mean that companies are able to afford it. They can't just pass the cost on to their customers right away, they usually need to have the increase ok'd. I'd assume they will try to provide as little as possible while they are losing money on it.

I am still waiting to see what the gas bills really add up to. In my state (KS), the utility gets to set their "Purchase Adjustment" once a month, before the month of consumption. They do this looking back on the cost of purchased gas in previous months (state commissioners watching to see that they don't profit excessively.

Gas in October was at $1.27 a therm, Nov - $1.04, Dec - $0.91. The December adjustments are just reflecting the post-hurricane relaxation of the market.

It simply adds another delay to the demand destruction. The bill won't have been too outrageous before Christmas, so to save the 'shopping season'. And, if I didn't know better, I'd feel somewhat confident after my $200 bill in early January. But watching the futures market (which few residential users do), I can be pretty sure I'll be paying $300 or more for January and February gas.

Oh, and pstarr, pressure rarely changes in gas lines (unless there's a leak... not impossible), but the energy content can vary a measurable amount (increased Nitrogen gas to boost the pressure). This wouldn't help matters in the long-term, though. If more (mixed) gas is needed to warm the house, the furnace will just stay on that much longer.

These companies, however, are likely significantly hedged for the time being. I don't think there are a whole lot of regulated utilities out there that would let themselves get locked into selling at a certain rate without buying options or futures.

Of course, there's always PCG's rolling blackouts, but that's more the exception than the rule. Unlike PCG, natural gas suppliers have seen these high prices coming for quite a while.