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U.S. Gas Prices May Stay Below $6 for a Decade, Trade Group Says

U.S. natural gas prices may stay in a range of about $4 to $6 per million British thermal units during the next decade even if exports of the heating and power plant fuel expand, the American Gas Association said.

“If you look at the amount of gas that we have and the known resources and known reserves and the ability now to extract that almost on call, we do not see exports as affecting the price over time,” Dave McCurdy, chief executive officer of the gas association, said in an interview in Houston today.