Natural gas is commonly found near deposits of oil as it is created by a process that combines high temperature and compression that breaks down organic matter. Natural gas deposits are generally trapped inside sedimentary basins which serve as a reservoir that can be accessed through a drilling pro
Gasoline retailers set the gas price at the pump; however, many of the factors are beyond their control, such as the market price of crude oil, distribution interruptions, the work of speculators, the value of the dollar and taxes. Refining and composition requirements also contribute.
To compare natural gas rates between competing providers, visit the website of the state agency in your state that oversees that region's gas market. Some state agencies publish current rates from different providers. To compare different rates within the same company, visit that company's website t
In the United States, natural gas supplies are expected to last approximately 85 to 92 years, depending on how much natural gas is consumed every year. Around 2,214 trillion cubic feet of natural gas is available for extraction in the United States.
The United States Energy Information Administration shows that the price of gas is determined by the price of oil and its associated global supply and demand. Taxes, refinery costs and exchange rates also have effects, notes Investopedia.
Natural gas is a fossil fuel and a non-renewable energy source. While it is available in abundance in 2014, like petroleum, there is a limit to the amount of natural gas available. The primary compound in natural gas is methane, so if it leaks without being burned, it is a greenhouse gas.
The average residential prices for natural gas vary based on the state. In July 2015, the average was $11.68 per 1000 cubic feet in California, $24.58 in Florida, $13.65 in Michigan and $11.33 in Delaware.
There are a couple of theories regarding how natural gas may have been formed in the Earth. One theory stipulates that natural gas was formed when prehistoric animals and plants were buried under deep layers of Earth. Another theory states that the Earth's natural gas was created even earlier, when
The US Energy Information Administration lists short-term projections for natural gas prices; the website also lists production and consumption projections. Knoema also lists information collected from various sources, including production outside of the United States.
While most of the price fluctuations at the gas pump are tied to the price of crude oil, other factors, including supply and demand changes, commodity speculation, regulatory changes and weather, also play a role. However, these effects are not always immediate, and may take months to affect gas pri