Why Natural Gas Prices Are High Right Now

Have you switched the heater on in your home yet? It’s just about that time if you haven’t yet. And when your gas bill comes, you may be a bit surprised. Around the world, natural gas prices have jumped. In Asia and Europe, prices have more than tripled this year to an all-time high. The increase isn’t nearly as bad in the US yet. But oil and gas are a global market, so everything’s connected. Energy analyst Richard Meyer, who is a vice president at the American Gas Association, explains the situation.