Trump and natural gas

Trump and natural gas
By Grand Rapids Anonymous
thursday, november 21, 2024 at 9:58:00 p.m. est

Here's something about Trump's win which has the potential to cost people like myself a lot of money--natural gas.

Since his victory,the price of natgas has spiked from 2.50 to 3.55,a 40% increase in 2 weeks. Why? Trump says he wants to sell more of it to Europe,while biden's policy was to keep that to a minimum. This kept our prices low. Years ago,natgas got up to over 8.00 per cubic foot,which translated to huge winter heating bills.

Incoming cold weather is also affecting the price. All the forecasts for this winter indicated a warmer than normal one for each of the three months of December,January and February. If that's true,prices of natgas will come down,but if wrong--plus Trump's policy--we might be seeing some gigantic increases in our bills very soon. DTE,in my state,never hesitates to pass those higher prices along ASAP.

--GRA