About two-thirds of the Pennsylvanians who heat their homes with natural gas are heading into December paying the lowest prices in a decade for this time of year.
Gas prices for six out of 10 regulated utilities are at a December low since 2003, according to the Pennsylvania Public Utility Commission's rate information. Those utilities include Columbia, National Fuel Gas, Peco, People's, Philadelphia Gas Works and UGI Penn.
Utilities credit the huge volume of gas being produced from the Marcellus Shale formation underneath Pennsylvania for pushing down prices. In most cases, prices this December are less than half of December 2008's prices, when the drilling boom was just beginning.
Natural gas is Pennsylvania's most prevalent home heating fuel, used in more than half of the state's nearly 5 million households.
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Copyright AP - Associated Press
