HVAC Breaking News

Feb. 12, 2007: Energy Prices Dip and Recover

February 12, 2007
/ Print / Reprints /
/ Text Size+

WASHINGTON - Warm weather in much of the United States in early January caused energy prices to continue sliding downward, according to the U.S. Department of Energy’s (DOE’s) Energy Information Administration (EIA). The EIA’s Short-Term Energy Outlook notes that between mid-December 2006 and Jan. 18, the spot price of crude oil fell by $12 per barrel, to $50.51 per barrel. Likewise, the spot price for natural gas fell from $8.67 per thousand cubic feet (mcf) on Dec. 1, 2006, to $5.56 per mcf on Jan. 2. However, a cooling trend in late January boosted prices, and the EIA expects crude oil to average $56 per barrel in February while natural gas averages $7.35 per mcf.

With crude oil trading remaining weak, the EIA has lowered its price projections for 2007 to $59.50 per barrel, rising to $62.50 per barrel in 2008 (the previous Outlook projected prices near $64 per barrel for both years). Projected natural gas prices remain nearly the same as the previous projection, at $7.10 per mcf in 2007 and $7.60 per mcf in 2008.

Publication date: 02/12/2007

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts



NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con