SoCalGas said the price of natural gas for consumers would be down 68% for February compared to January.
With astronomical natural gas prices squeezing the pocketbooks of Southern California Gas Co.'s 21.8 million consumers, the company says relief may be on the way as soon as next month.
“While we’re relieved that prices have dropped significantly since last month, they remain higher than usual for this time of year,” said Gillian Wright, a SoCalGas executive.The utility attributed the drop in consumer gas prices primarily to a commensurate drop in the wholesale price SoCalGas will pay for gas in February compared to January.
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