MATT OLBERDING
Lincoln Journal Star
Unprecedented winter weather in Texas has caused oil and gas prices to rise.The frigid temperatures increased fuel demand but also halted wells and refineries across the state. Texas rare cold snap left millions without power last night in controlled outages.Â
Wahoo officials thought they were prepared for last week s historic cold snap.
The city, which owns its own electric and gas utilities, had short- and long-term natural gas futures contracts in place, and it had a comfortable amount of natural gas in storage in Oklahoma, said Ryan Hurst, Wahoo Utilities general manager.
But then temperatures dipped to record levels, with wind chills dropping as low as the minus 40s in Wahoo.
Governors Wind Energy Coalition
Senator seeks probe of natural gas price spikes during storm Source: By MATTHEW DALY, Associated Press • Posted: Monday, February 22, 2021
WASHINGTON (AP) A Democratic senator is calling for federal investigations into possible price gouging of natural gas in the Midwest and other regions following severe winter storms that plunged Texas and other states into a deep freeze that caused power outages in millions of homes and businesses.
Minnesota Sen. Tina Smith says natural gas spot prices spiked as high as 100 times typical levels, forcing utilities and other natural gas users to incur exorbitant costs, many of which were passed on to customers.
Senator seeks probe of natural gas price spikes during storm keyc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from keyc.com Daily Mail and Mail on Sunday newspapers.
Senator seeks probe of natural gas price spikes during storm | News, Sports, Jobs marshallindependent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marshallindependent.com Daily Mail and Mail on Sunday newspapers.
A senator is calling for federal investigations into possible price gouging of natural gas in the Midwest and other regions following severe winter storms.