Gas vs. Oil: Competitive Again
Switching back from oil to gas would boost gas demand by 3 - 5 Bcf/d.
June prices reveal gas once again competitive with oil alternatives
- WTI = $29 / Bbl
- Fuel Oil, US Gulf = $22 / Bbl
- Distillate at NY Harbor = 78¢ / gal
Pollution credits are encouraging gas use
Fuel Oil/ Heating Oil v. Natural Gas Prices 1998 - 2001