Why natural gas prices — and bills — are soaring in Southern California
JAN. 9, 2023
Southern California Gas Co. and San Diego Gas & Electric have issued stark warnings to customers that their January natural gas bills could double, citing factors for historically high wholesale costs that include sinking inventories, supply constraints and a cold start to winter that has soaked the West Coast.
But in many other parts of the country, natural gas futures prices have plunged, with traders Friday seeing a 17-month low at Henry Hub, a Louisiana natural gas pipeline that serves as the benchmark for the North American natural gas market on the New York Mercantile Exchange.
