From USA Today:
The rising prices aren’t expected to go away any time soon, according to Devin Hartman, director of energy and environmental policy at R Street Institute, a free-market think tank in Washington, D.C.
Hartman said the price hikes are due in part to natural gas becoming more integrated in the global market now that producers can more easily ship natural gas to other countries. While Hartman says this is a positive development for gas markets, it also means disruptions abroad like the war in Ukraine have a greater effect on prices in the U.S.
Natural gas also has become increasingly important in electricity generation and heating in the U.S., and is now the primary heating source for about half of all U.S. households. That means more Americans see their bills go up when natural gas prices rise.
“There’s almost no scenario where elevated natural gas prices do not play out for the remainder of this decade,” he told USA TODAY.
