Natural Gas Prices Lower at Start of Heating Season

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FRANKFORT, Ky. (AP) – Kentucky residents who heat their homes with natural gas are facing much lower prices as the seasons change and temperatures drop.

The Kentucky Public Service Commission says natural gas prices are down by more than a third from this time last year, and have fallen by more than two-thirds from the peak reached in 2008.

On average, Kentucky consumers can expect their total gas bills to be about 21 percent smaller this November than a year ago, based on consumption of 10,000 cubic feet of natural gas. The average total bill for 10,000 cubic feet – including base rates – is projected to be about $83.74.

That’s down about $23 from last year and a decrease of more than $67 – or about 44 percent – since November 2008.