SALEM - Oregon natural gas customers will pay less to heat their homes this winter. The Public Utility Commission today (Tuesday) announced a double-digit rate drop for each of the state's three natural gas utilities. Salem Correspondent Chris Lehman reports.
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Natural gas prices often follow the same pricing trends as the kind of gas you put in your car. Remember how gasoline prices spiked a little over a year ago, and then plummeted? The same thing is happening for natural gas. Customers of Oregon's largest natural gas utility, Northwest Natural, will pay on average about 15 dollars less per month this winter. Oregon Public Utility Commission chair Lee Beyer says the news is bittersweet.
Lee Beyer: It's a good sign. The reason they're down is not necessarily so good. The reason things are down is that we've been in a worldwide recession so demand for gas is off.
Beyer also says new drilling technology has opened up access to more domestic natural gas fields. This winter's rates will be the lowest in Oregon in more than five years. I'm Chris Lehman in Salem.
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