annoyed at that. No, it's a knot. And a buffalo is a buffalo. And New York City is New York City. And New Amsterdam or Constantinople is ...
Natural gas prices high from some contractors
Fixed-rate contracts with independent suppliers of natural gas in metro Toledo are noticeably pricier than the monthly rate by Columbia Gas of Ohio and what industry experts say should be a low-priced winter for the heating fuel.
Prices for those fixed-rate contracts have changed little in the past 2 1/2 months, mainly because speculators concerned about future supplies have kept the longer-term prices elevated for the commodity, experts said.
So, experts said, it may make little sense now to enter into a one or two-year contract for natural gas, used mostly in the winter in metro Toledo to fuel home furnaces.
The Columbia Gas rate, adjusted each month, will be 56 cents per 100 cubic feet in November, its lowest for any month since 2001 and about half the rate of a year ago.
"It probably wouldn't be a bad idea to look at [variable rates] right now, but the struggle you always get into is there's always a push-pull," said Mike Welch, an official with Integrys Energy Services.
Oil extends rally, jumps above $78 in Asia, as US gasoline ...
Benchmark crude for November delivery rose as much as 59 cents to $78.17 before slipping back to $78.03 by midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $2.40 to settle at $77.58 on Thursday.
The Energy Information Administration said Thursday that U.S. gasoline supplies fell 5.2 million barrels while analysts had expected a jump of 1.6 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
Crude supplies rose 400,000 barrels, the EIA said, while analysts had anticipated an 2.2 million barrel gain.
Until this week, oil had bounced between $65 and $75 since May.
“The transition to a $70 to $80 range is now in full cry,” Barclays Capital said in a report. “We expect further transitions upward to occur in line with improvements in the underlying market data.”
A falling U.S. dollar has also helped boost oil this week.
In other Nymex trading, heating oil was steady at $2.02 a gallon. Gasoline for November delivery held at $1.95 a gallon. Natural gas for November delivery jumped 3.0 cents to $4.51 per 1,000 cubic feet.
...News
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