Wednesday, October 29, 2008

Natural gas prices to be higher

Bad news for natural gas customers this winter. The cost of heating your home will be more over the coming months, as natural gas prices once again increase.

 “High heating costs will again be a burden for many of our citizens,” Kentucky Public Service Chairman David Armstrong said. “Although the prices have come down since August, natural gas still costs more than it did at this time last year.”

Kentuckians can expect to pay about 17 percent more this year than last for the same amount of gas, but that remains in line with national averages. Wholesale costs for gas have more than doubled since 2002, the PSC said.

A typical Kentucky customer using 10 cubic feet next month will pay a total monthly bill of $150.78, up $22.38 – or 17.4 percent - from the $128.40 average bill a year ago.

“Do not put off looking for assistance until your situation has become a crisis,” Armstrong said. “If you think you may need help paying your heating bill this winter, start looking for assistance now.’

For help with reducing the burden this winter, visit the following Web site for the topic listed: