Wyoming's Natural Gas Fetching a Pretty Price at Market
Laramie, WY – Wyoming's natural gas is fetching twice the money at market than it did at the same time last year.
Jim Robinson, the senior economist at the state's Economic Analysis Division says usually when spring weather kicks in, natural gas prices fall quickly. But not this year.
"What we're seeing is that the prices are still in that eight to nine dollar range and here we are in the third week in May," Robinson said.
At this time last year, natural gas producers were only paid four dollars for the same unit of gas. Robinson says the bigger price tag has been boosting state revenue from the taxes the companies pay.
But fortunes can change quickly. Last September the natural gas price fell to the bargain basement price of just one dollar per unit.