The Outlook Isn't Brilliant

Ejectr Posted By Ejectr, Jan 30, 2013 at 5:46 PM

  1. peakbagger

    peakbagger
    Minister of Fire 2.
    NULL
    

    Jul 11, 2008
    2,547
    533
    Loc:
    Northern NH
    The ISO new england issue isnt il price, its that new england shut down a lot of coal plant and are running natural gas plants harder, unfortunately, the pipelines serving the region are maxed out so the ceap natural gas plants cant keep up. When that happens more expensive power or natural gas have to get shifted into the market raising the rates.
     
  2. ScotL

    ScotL
    Feeling the Heat 2.
    NULL
    

    Feb 7, 2011
    376
    136
    Loc:
    Central Maine
    Exactly. The natural gas price is normally in the single digits per MMBtu and now it's spiked to $30+/MMBtu. Now we have 1200 MW of oil plants online as oil prices at $20 to $25 per MMBtu are lower than nat gas. The forcast last week was for natural gas prices to return to normal but it doesn't appear that has happened.
    If electric rates remain 5 times higher than normal, there will be a lot of businesses shutting down.
     
  3. WoodPorn

    WoodPorn
    Minister of Fire 2.
    NULL
    

    Aug 24, 2009
    1,501
    219
    Loc:
    South of the beloved Patriots
    Again........4t if it is in the cards.
    Maybe we need a 2 truck delivery?
     
  4. jtakeman

    jtakeman
    Minister of Fire 2.
    NULL
    

    Dec 30, 2008
    13,496
    1,572
    Loc:
    Northwestern CT.
    Over nite the gas rose another $0.12 in my town Up to $3.76/gallon! ;sick
     
  5. Mr. Spock

    Mr. Spock
    Minister of Fire 2.
    NULL
    

    Jan 2, 2013
    680
    199
    Loc:
    SW MA
    I saw $3.89 in CT this morning.
     
  6. Bioburner

    Bioburner
    Moderator 2.
    NULL
    
    Staff Member

    Aug 4, 2012
    6,882
    1,414
    Loc:
    West central Mn
    Up another dime this morning. Was 2.95 Sunday before last, now 3.49. Spring driving season still three months away and unemployment went up. Will probably put a dent in my summer business.
     
  7. Bioburner

    Bioburner
    Moderator 2.
    NULL
    
    Staff Member

    Aug 4, 2012
    6,882
    1,414
    Loc:
    West central Mn
    Supposedly the economy had a big boost last spring because we did not have to pay so much for heating. Made sense to me as it saved me over $300 easy.(more like 600) What is this springs outlook with fuels already high and a cold winter eating everbodies budget? When it warms up this weekend I will fire up the 1ton and get next seasons fuel.
     
  8. WoodPorn

    WoodPorn
    Minister of Fire 2.
    NULL
    

    Aug 24, 2009
    1,501
    219
    Loc:
    South of the beloved Patriots
    That would depend on $$/t
     
  9. briansol

    briansol
    Minister of Fire 2.
    NULL
    

    Jan 18, 2009
    1,913
    293
    Loc:
    central ct
    was 3.49 on sunday when i filled up. today is 3.89.

    and my car only takes premium :( so its like 4.25 :(
     

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