6% Drop Appeared in Natural Gas Prices in United States

6% Drop in Gas rates in USA, US, York Mercantile Exchange , America, United Sates, USA business, natural Gas new rates, British thermal , warm weather forecast, Gas rate decrease in USA, Business news of USA

 

New York:  The prices of natural gas dropped down 6% in United States of America, which is the result of decline in the demand for natural gas due to warm weather forecast and decrease in Crude oil prices. However, natural gas deals decline to $ 4.08 per million British thermal units from 26.7 (1 6%) in New York Mercantile Exchange.

According to the reports, this decrease in the price of natural gas is close to the lowest price of 4 point seven five zero dollars per million British thermal units in ongoing year. Moreover, the reports say, the basic reason of the record for declining demand in natural gas is weather forecast rise in temperature during the next two weeks and drop in prices for crude oil at world level.