Gas to Stay Under $4 Through 2013: S&P

Dec. 05, 2012 10:14AM PST

Reuters reported that Standard & Poor’s Ratings Services expects gas to stay under $4 per thousand cubic feet through 2013, as supply and demand are expected to remain flat.

Reuters reported that Standard & Poor’s Ratings Services expects gas to stay under $4 per thousand cubic feet, as supply and demand are expected to remain flat.

As quoted in the market report:

Although prices have gained some lost ground, they remain substantially lower than before the economic crisis of 2008. Gas is now more abundant and industrial and commercial demand is stagnant,” said Standard & Poor’s credit analyst Ben Tsocanos.

To view the whole Reuters report, click here.