Natural gas rates lower for winter

For the third year in a row, two of Oregon’s largest gas utilities are lowering prices for the winter season.

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For the third year in a row, two of Oregon’s largest gas utilities are lowering prices for the winter season.

The rate decreases, effective Nov. 1, reflect a precipitous drop in wholesale prices since 2008 due to burgeoning U.S. shale gas production as well as ongoing slack demand because of a weak U.S. economy.

Northwest Natural Gas Co. said its average residential customer using 55 therms per month will see their monthly bill decline $1.62, or 2.3 percent, to $65.83. An average commercial customer’s bill will decline by $8.81 or 3.5 percent per month, the utility said.

Read more at OregonLive.com.

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