On December 4th, I received a letter from Eversource that my natural gas prices for home heating would increase by 27%. I wondered why and did some research.
First, the usual reason may be a shortage of natural gas inventory, which translates into higher prices. The answer is quite the opposite. It turns out that natural gas inventories are at a level 19% higher, or 31% above the five-year average, according to a Forbes magazine report in May.
There is a lot of inventory and more.