Monday, April 28, 2008

Natural Gas Explosion Sends Prices Higher

This explosion wasn't a physical one. It was a financial one. The price of natural gas continues to move higher and higher, even now that the season for home heating has largely passed. Tight supplies of petroleum distillates caused by refinery incapacity and high prices for oil is shedding more light on natural gas as a potential alternative fuel source. This is sending prices from high... to higher still! The same is occurring with gasoline prices, although the last few days are showing signs of a potential top for gasoline prices.