{"id":957,"date":"2020-02-10T10:08:30","date_gmt":"2020-02-10T16:08:30","guid":{"rendered":"http:\/\/www.georgiagassavings.com\/blog\/?p=957"},"modified":"2020-02-10T10:08:30","modified_gmt":"2020-02-10T16:08:30","slug":"natural-gas-prices-falling-further","status":"publish","type":"post","link":"https:\/\/www.georgiagassavings.com\/blog\/natural-gas-prices-falling-further\/","title":{"rendered":"Natural Gas Prices Falling Further!"},"content":{"rendered":"<figure id=\"attachment_794\" aria-describedby=\"caption-attachment-794\" style=\"width: 375px\" class=\"wp-caption alignright\"><img loading=\"lazy\" class=\"wp-image-794\" src=\"https:\/\/www.georgiagassavings.com\/blog\/wp-content\/uploads\/2019\/08\/shutterstock_1038717511-300x200.jpg\" alt=\"Natural gas rates are falling! Start shopping these cheapest natural gas rates for your family and save!\" width=\"375\" height=\"250\" srcset=\"https:\/\/www.georgiagassavings.com\/blog\/wp-content\/uploads\/2019\/08\/shutterstock_1038717511-300x200.jpg 300w, https:\/\/www.georgiagassavings.com\/blog\/wp-content\/uploads\/2019\/08\/shutterstock_1038717511-768x512.jpg 768w, https:\/\/www.georgiagassavings.com\/blog\/wp-content\/uploads\/2019\/08\/shutterstock_1038717511-1024x683.jpg 1024w, https:\/\/www.georgiagassavings.com\/blog\/wp-content\/uploads\/2019\/08\/shutterstock_1038717511-830x553.jpg 830w, https:\/\/www.georgiagassavings.com\/blog\/wp-content\/uploads\/2019\/08\/shutterstock_1038717511-230x153.jpg 230w, https:\/\/www.georgiagassavings.com\/blog\/wp-content\/uploads\/2019\/08\/shutterstock_1038717511-350x233.jpg 350w, https:\/\/www.georgiagassavings.com\/blog\/wp-content\/uploads\/2019\/08\/shutterstock_1038717511-480x320.jpg 480w\" sizes=\"(max-width: 375px) 100vw, 375px\" \/><figcaption id=\"caption-attachment-794\" class=\"wp-caption-text\"><center><em>Wholesale prices could fall to record lows as warm winter is pushes down natural gas prices Georgia! Find out if it&#8217;s the best time to shop for the cheapest rates!<\/em><\/center><\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400;\">Low Natural Gas Prices Mean It\u2019s Time To Start Saving<\/span><\/h2>\n<p><i><span style=\"font-weight: 400;\">\u201cThe frackers have broken the natural gas market\u201d<\/span><\/i><span style=\"font-weight: 400;\">, declares an <\/span><a href=\"https:\/\/www.wsj.com\/articles\/natural-gas-prices-fall-below-2-11579626216\"><span style=\"font-weight: 400;\">article in the Wall Street Journal<\/span><\/a><span style=\"font-weight: 400;\">. They may well be right. The wholesale price of natural gas dipped to less than $2 per million BTUs. At $1.87, <\/span><a href=\"https:\/\/www.eia.gov\/dnav\/ng\/hist\/rngwhhdm.htm\"><span style=\"font-weight: 400;\">the spot price of natural gas<\/span><\/a><span style=\"font-weight: 400;\"> has only been lower once in the last 20 years. If you\u2019re a natural gas consumer in Georgia, you need to know how to react. Is it time to switch and save?\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What\u2019s Caused Cheap Natural Gas Rates?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">First of all, let\u2019s talk a little bit about the collapse of natural gas prices. The demand for natural gas fluctuates throughout the year. Cold weather in winter produces \u201cspikes\u201d in demand, and electrical stations burn a lot of gas over summer to meet increased power requirements. This leads to naturally-occurring <\/span><a href=\"https:\/\/www.georgiagassavings.com\/blog\/2018\/09\/11\/times-buy-georgia-natural-gas-plans\/\"><span style=\"font-weight: 400;\">\u201cshoulder months\u201d<\/span><\/a><span style=\"font-weight: 400;\"> between these periods, when natural gas prices tend to be lower. Generally, these occur in spring and fall.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For the U.S., it&#8217;s been the <a href=\"https:\/\/www.noaa.gov\/news\/january-2020-was-5th-warmest-on-record-for-us\">5th warmest January<\/a> on record. And for North America, it just hasn\u2019t been that cold (though Atlanta has seen temperatures <\/span><a href=\"https:\/\/www.timeanddate.com\/weather\/usa\/atlanta\/historic?month=1&amp;year=2020\"><span style=\"font-weight: 400;\">as low as 23 Fahrenheit<\/span><\/a><span style=\"font-weight: 400;\">). Consequently, natural gas customers throughout the U.S. aren\u2019t burning much gas to stay warm. To make things worse, American companies have also produced a <\/span><a href=\"https:\/\/www.eia.gov\/naturalgas\/monthly\/pdf\/figure_01.pdf\"><span style=\"font-weight: 400;\">record amount of natural gas this year<\/span><\/a><span style=\"font-weight: 400;\">, and with plenty of fuel in storage there\u2019s more gas on hand than is needed. The laws of supply and demand are irresistible, and at the moment there\u2019s way more supply than America is demanding.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Should Natural Gas Consumers Find Cheap Deals?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Residential natural gas prices are likely to fall as a result of cheap wholesale natural gas. As natural gas providers have more room to offer discounts, it\u2019s likely that they\u2019ll slash prices in order to pick up new customers. Residential natural gas prices are likely to <\/span><a href=\"https:\/\/www.eia.gov\/dnav\/ng\/ng_pri_sum_a_EPG0_PRS_DMcf_m.htm\"><span style=\"font-weight: 400;\">stay low until around April<\/span><\/a><span style=\"font-weight: 400;\">, then begin climbing again.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the next couple of months, it\u2019s likely that we\u2019ll see some of the lowest natural gas prices we\u2019ve seen in years. That means if your natural gas contract is coming up for renewal, this is a great time to pick up a cheap natural gas rate. We\u2019ll help you find <\/span><a href=\"https:\/\/www.georgiagassavings.com\/\"><span style=\"font-weight: 400;\">cheap natural gas<\/span><\/a><span style=\"font-weight: 400;\"> anywhere in Georgia, from Atlanta to Savannah, Macon to Augusta and anywhere in between.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Get Ready To Save On Natural Gas<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A cheap natural gas deal is an excellent way for you to save your household money. Georgia households are particularly well-placed to make big savings, because <\/span><a href=\"https:\/\/www.georgiagassavings.com\/blog\/2019\/12\/26\/how-many-therms-does-a-typical-household-use\/\"><span style=\"font-weight: 400;\">Georgia homes are often so large<\/span><\/a><span style=\"font-weight: 400;\">! That means you could save hundreds of dollars a year just by <\/span><a href=\"https:\/\/www.georgiagassavings.com\/resources\/how-to-switch-your-georgia-natural-gas-provider\"><span style=\"font-weight: 400;\">switching your natural gas provider<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Is it hard to switch? Not at all! At Georgia Gas Savings we\u2019ve made the process as simple and low-stress as possible. In fact, you can even choose a new natural gas provider straight from your Android or iOS device. Simply download our app today, and you\u2019ll be saving money on natural gas in no time: <\/span><a href=\"https:\/\/www.georgiagassavings.com\/apps\/ga\"><span style=\"font-weight: 400;\">https:\/\/www.georgiagassavings.com\/apps\/ga<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Low Natural Gas Prices Mean It\u2019s Time To Start Saving \u201cThe frackers [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[168,153,161,16,160,212,152,45,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/posts\/957"}],"collection":[{"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/comments?post=957"}],"version-history":[{"count":5,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/posts\/957\/revisions"}],"predecessor-version":[{"id":968,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/posts\/957\/revisions\/968"}],"wp:attachment":[{"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/media?parent=957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/categories?post=957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.georgiagassavings.com\/blog\/wp-json\/wp\/v2\/tags?post=957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}