Kentuckians Expected to Catch a Break in Natural Gas Prices This Winter
Kentuckians who heat their homes with natural gas will see lower prices this heating season than they did last winter.
The Public Service Commission reports natural gas prices are down more than a third from this time a year ago.
PSC Spokesman Andrew Melnykovych says supply has kept pace with demand.
“There’s been a lot of development of new domestic gas sources in the United States so we’re in a situation now where there’s actually oversupply of gas in many parts of the country," said Melnykovych.
Kentuckians may also get a financial break from the weather. On average, consumers can expect their gas bill to be about 20 percent smaller this month compared to last November.
“Bills are gonna be down for at least the first part of the winter depending on which gas company you’re with and your individual usage patterns everything should be down about 25 to 30 percent or so," said Melnykovych.
The long-term outlook for this winter is for temperatures to be normal or a bit warmer than usual.