Gas

In the last 6 months the US price for natural gas has declined by half going from $3.50 per million BTU in October 2023 to $1.80 today. This is the result of increased supply. In 2022 gas reached an all time high of 94 trillion cubic feet (TCF) and in 2023 that increased to 103.7 TCF In 2022 the US exported a record high of 6.9 TCF and in 2023 that increased to 8.9 TCF. Since the export price is $7.50 this is highly profitable although the cost of liquefying the gas and shipping are included in the price. These shipments are invaluable to Europe which is no longer getting gas from Russia.