Thursday 14 June 2012

Today's CPI Report: Falling Natural Gas Prices

From today's CPI report, Table A:

Over the last year (May 2011 to May 2012), the category with the biggest drop in price was  "Utility (piped) gas service" (residential natural gas), which has decreased by -14.9% over the last 12 months.

Thanks to the shale revolution and falling natural gas prices, U.S. consumers have saved $35 billion in 2009, 2010 and 2011, and  it looks like those savings will continue in 2012.  

0 comments:

Post a Comment