Due to the extreme cold weather, natural gas market prices have rapidly increased.
What's Driving Prices?
Like any other commodity, the price of natural gas rises and falls in large measure based on how much is available and how much the marketplace demands. It's important for us in Oklahoma to understand that the prices we pay are tied to the national demand and economy.
Even though a great deal of natural gas is produced in our state, the majority of it is sold elsewhere. That means that factors such as weather (in the entire country, not just here) and the amount of gas in storage play a role in setting the market price.
NOPFA has no control of the market. It is our responsibility to inform our customers that excess usage will result in an exceedingly high bill. We all need to conserve the best we can for the next week or until we are no longer experiencing frigid temperatures.