The dramatic collapse of US natural gas prices this year is quietly helping to boost the nation’s economy, slashing some energy costs even as the prices of other necessities continue to rise.
While natural gas doesn’t grab attention quite like crude oil, it’s a behind-the-scenes fuel that permeates the economy, used to heat homes, generate electricity, run factories and make fertilizer. When gas futures surged in 2021-2022, the ripple effects hit consumers and manufacturers alike. Now that prices have plummeted to the lowest in four years, the relief is becoming apparent.
