Cracked: 15 Things to Know About Gas, Money and Power

By Eric Roston and Tom Randall - 2014-02-21T13:10:53Z

Waterborne Energy, Inc.

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Prices Won't Stay Low

Nothing good lasts forever, particularly when it comes to fossil fuel prices. Earlier this week, gas prices closed at their highest level in five years. Winter cold is causing people to turn up the heat. But what about the long term? 

In the long term, gas producers want lots and lots of customers, at home and abroad, to bid up the price of their product. U.S. manufacturers want lots and lots of gas to feed their factories -- without foreign buyers drawing down supply. Homeowners just want to forestall heart attacks when the heating bills come in winter.

The Energy Information Administration suggests more liquid natural gas terminals will come and, with an increased use at home, the gas price will tick up in the years ahead, before tapering off after 2030, according to its most recent scenarios.