Natural Gas Prices at Ultimate High, Why are People Still Connecting?
August 02, 2022
A big topic of discussion in today’s world is inflation. Inflation with goods, service, and along with that natural gas prices. At Utility Pipeline we understand people’s frustrations, and trust us we are feeling the effects of this too. So why are natural gas prices so high?
To start off there are multiple factors that determine the price of gas. Some of these factors include the price of crude oil, refining costs, distribution, and taxes. On top of that you have to consider geopolitical events as well. Rates for natural gas consist of market close prices and cost to transport through interstate pipelines, meaning that prices are not set by individual companies. But even with high natural gas prices, we still are seeing a consistent number of new customers coming in. Here are some reasons why.
Natural gas has many benefits, some of which you may not even be aware of. Since natural gas is so adaptable, once you decide to convert, it not only adds value to your home, but also saves you money in the long run. According to the AGA U.S. consumers who use natural gas save an average of $874 on energy bills each year compared to homeowners who use electricity and spend 30% less than with using propane. With this natural gas has become more accessible in all 50 states due to the 2.5 million miles of pipeline throughout the country.
Not only is natural gas very accessible, but it is also very convenient for our day to day lifestyles, especially as we see ourselves facing severe weather in parts of the United States. For example, natural gas can power a standby generator and a water heater, which can dramatically impact the extent of damage inclement weather can have on your home and daily life. So as we face different types of weather, natural gas can truly help you get through it comfortably.
Natural gas is an abundant resource, and with these benefits and more, people realize how much it is used in our everyday lives. This is why we, as a company, still see consistent growth in customers converting even in certain economic situations. We understand these increases aren’t ideal, but the benefits outweigh the cost in the long run.
Have further questions or want to connect? Call 1-888-863-0032 today!