EIA Forecasts 13% Fall In Natural-gas Heating Bills This Winter

By Myra P. SaefongMarketWatch Pulse

The Energy Information Administration on Tuesday forecast that consumers will see a 13% decline in their natural-gas heating bills this winter. Prices for natural gas are expected to average $2.88 million British thermal units in 2016, down 12 cents from last month's forecast. Natural-gas inventories posted their first decline of the winter heating season in late November, but "inventories at the end of December are expected to be the third highest ever for the month," said EIA administrator Adam Sieminski, in a statement.

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