It is possible that natural gas could reach an all-time high the winter of 2000/01, experts predict. The possible price increase follows on the heels of the volatile electricity prices of the summer of 2000. The Energy Department’s Energy Information Administration predicts that prices may rise by as much as 40 percent this winter over last. The reason in part is declining supplies, since suppliers were unable to build up a stockpile. If winter temperatures return to normal, commercial demand for natural gas may be up by 10 percent over last winter’s level. The General Services Administration’s Energy Center of Expertise has made similar predictions. Will there be a shortage? BOMA thinks not and adds that gas is the fuel of choice.
Based on a report from BOMA’s Potomac Currents
