NYC Natural Gas Soars to Highest Since 2003 Amid Bitter Cold
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Natural gas prices skyrocketed in New York and Boston as bitter cold descends, boosting demand for the furnace fuel.
Next-day gas deliveries into a section of the Iroquois Gas pipeline that hauls Canadian gas into New York traded at an average of $164.80 per million British thermal units on Thursday, a 14-fold increase from Wednesday, according to Bloomberg data. That’s the highest since at least 2003.