Cheap Natural Gas Hits New York City

By
Matthew Philips
Workers make minor repairs on the pipeline hub run by Spectra Energy Corp. in Guilford, Pennsylvania Photograph by Andrew Russell/AP Photo

Of all the weird stuff that must have happened in New York City on Halloween, perhaps the strangest thing occurred in the energy markets. On Oct. 31, natural gas prices in Manhattan were nearly 40¢ cheaper than in Louisiana. That hasn’t happened in eight years.

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