Natural gas prices lowest in a decade


Now you’re cooking with gas. That may be the new theme with the announcement that the average home heating bills were the lowest in a decade for Columbia Gas of Ohio customers this winter.

According to Shane Cartmill of Columbia Gas of Ohio, the March 2016 Standard Choice Offer (SCO) price is 30 cents per 100 cubic feet (ccf), compared to 42 cents per Ccf last year. That cost for natural gas is the lowest for March since 1992 – almost a quarter century ago.

Cartmill said March also brings closure to the traditional winter heating season, and residential bills for the 2015-16 season were the lowest of the past decade.

The average residential natural gas bill for March is projected to be $75.07, marking a decrease of $24.36 from the March 2015 average projected bill of $99.43.

For the 2015-16 winter heating season – traditionally identified at November, December, January, February and March – the average residential bill was projected to be $395.23, an overall decrease of $122.81 from the 2014-15 winter heating season bill of $518.04.

It is nearly one-third of the record winter heating season bill of $1,062.59, set in winter of 2005-06.

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By Frank Lewis

[email protected]

Reach Frank Lewis at 740-353-3101, ext. 1928, or on Twitter @franklewis.

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