I don’t know if you’ve noticed, but the natural gas price to oil price is at an all-time low when you look at the spread differentials between natural gas and oil. Many of the gas companies will lock your overall gas rate on your bill from anywhere from 12 to 18 months on a fixed rate dependent on your local gas company. With natural gas prices as low as they are, this may be an opportune time coming up in August to compare your current gas bill against the major three or four carriers wherever you live. You should figure out their fixed gas rates and compare them to see if it is a good time for you to lock in rates while they are low. As we know, the prices for commodities go up and down, and it’s nothing different from the stock market. In theory, you would want to buy low if you were trying to lock in the best natural gas price. This may be the time to shop your gas. Not only can you lock in for this winter, coming up in 2009, but you may even be able to lock into the winter of 2010. Shop your gas bill coming up here in August.
oXYGen Financial, Inc. co-CEO Ted Jenkin is one of the foremost knowledgeable professionals in giving financial advice to the X and Y Generation.
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