JM Dutton & Associates has issued a research report on the outlook for oil and gas prices in 2003 prepared by energy analyst Les Childress. According to the report, the average price for natural gas in the United States in 2003 will continue to increase from the strong upward trend established in the late fourth quarter of 2002.
JM Dutton & Associates believes that natural gas prices could spike to $6.50 per thousand cubic feet (mcf) during the 2003 winter season.