Posted: Oct 5, 2009 11:59 AM by Associated Press
There's good news for consumers who heat with natural gas.
The American Gas Association says plentiful domestic supplies and lower wellhead prices will drive bills down this winter.
Some utilities are telling their customers they'll pay at least 20 percent less for natural gas than they did a year ago.
That's because prices were sharply lower when utilities bought gas in the spring and summer and put it into storage.
The association's Chris McGill says almost 3.6 million cubic feet of natural gas are in storage.
That's about 16 percent above the five year average and what was on hand this time last year.