The price of natural gas has fallen below $2 per 1,000 cubic feet for the first time in more than a decade. The U.S. supply of natural gas is growing so fast that analysts worry the country's underground storage facilities could be full by fall and lead to further price declines. On Wednesday, the futures price of natural gas fell to $1.984 per 1,000 cubic feet, its lowest level since January 28, 2002, when it hit $1.91. There is so much natural gas being produced - and still in the
Wyoming continues to monitor slumping natural gas prices that officials say threaten to cost the state millions in lost tax revenues.
The Wyoming Tribune Eagle reports that natural gas prices averaged $2.10 per thousand cubic feet at the Opal Hub in western Wyoming through the first few weeks of March. That's down from $2.52 in February. This time last year, gas prices averaged nearly $3.80 per thousand cubic feet.