Natural gas even more expensive

When natural gas hit $12 per million BTUs, I wrote about it. The price has continued to rise since then, finishing the week just past at around $14 per million BTUs.

The fact that the price has roughly doubled in the last year does not necessarily mean that your gas bill will also double from what it was last winter. That's partly because utilities can buy some natural gas at a price agreed upon by contract, which might be lower than the market price at the time it is delivered to your home. Still, $14 per million BTUs is higher than it's ever been, and the longer the price stays up there, the greater the effect will be on prices at the meter this winter.