That’s because the era of dirt-cheap natural gas — the most common fuel used to heat US homes — is over, for now at least. Natural gas futures have spiked 132% so far this year, recently touching levels unseen since 2008.
Industry experts warn that natural gas futures, and retail prices, could go even higher if it’s a very cold winter and Americans are forced to crank up the furnace.
“We’re going to be at the mercy of Mother Nature,” said Rob Thummel, senior portfolio manager at energy investment firm TortoiseEcofin.
The natural gas price spike threatens to add to the rising cost of…
