Natural Gas Likely to Become More Expensive

There seems to be an assumption that natural gas prices will remain low for the foreseeable future. However, the price of gas futures indicates otherwise. Contracts for gas delivered in 3-1/2 years from now cost about 60 percent more than currently. Source: Henry Hub Natural Gas Futures.

Added note (27 Aug. 2012): Our gas bill arrived last week with the monthly budget increased by 17% from last year.