Natural Gas Price Surges 6.1 Percent

CBS News reported that the price of natural gas surged 6.1 percent to $3.199 per 1,000 cubic feet.

As quoted in the market news:

Natural gas prices have been climbing as temperatures rise. Many utilities burn natural gas to generate electricity, and electricity demand jumps during a heat wave as power customers run their air conditioners more often.

Click here to read the full CBS News report.