Natural gas had its wildest year ever, and the volatility isn't slowing down. “It’s officially our biggest bill now—more than our mortgage, more than our insurance.”
Homeowners and businesses across the country have seen their gas bills go wild—andLast year was the most volatile on record for natural gas, boosting the cost to heat homes, generate electricity and manufacture economic building blocks such as fertilizer and steel.
Prices in 2022 whipsawed from unseasonable lows toand back again. Benchmark gas futures, which determine what millions of Americans pay for heat and electricity, swung by at least 7% on 44 days last year, the most since at least the early 1990s, when gas markets were deregulated and the modern trading era began.
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