In NRO Thomas E. Nugent takes a look at natural gas prices. They exploded last year around the time of Hurricane Katrina, peaking at about $15 per million btu. Now natural gas prices are down at about $6 per million btu. He thinks that the same decline is likely to happen to crude oil. Maybe it is already happening.
But what everyone wants to know is: How does crude oil at $70 per barrel compare with other energy prices? With gasoline, with natural gas, with electrity. Even with coal.
Road to the Middle Class is proud to bring you your very own energy price calculator that we stole off the Department of Energy EIA Energy Kids Page.
Go ahead. Enter the current crude oil price in the crude oil box and press “Calculate.”
Here are some other useful resources on the energy price front.
Enjoy!
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