Natural gas prices stay flat
Laramie, WY – The sagging price of Wyoming natural gas could affect those working in one of the state's most prolific industries. Natural gas sells for about 6-dollars per thousand cubic feet in trading hubs in California and Louisiana. But in Wyoming, that figure is around 2-dollars. Buck McVeigh tracks revenue for the state's economic analysis division. He says mild summer weather, record-high storage capacity and a lack of interstate pipelines are keeping prices low. He says that puts pressure on companies that extract the gas, and could prompt seasonal layoffs.
McVeigh says relief should come by January 2009 when the 16-hundred mile Rockies Express Pipeline opens. That will allow Wyoming gas to move east as far east as Ohio.