Ohio customers paying less for natural gas - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Ohio customers paying less for natural gas

Posted: Updated:
  • Local NewsLocal News

  • Family escapes fire in East Bank

    Tuesday, May 21 2013 12:18 PM EDT2013-05-21 16:18:28 GMT
    Three people were inside this burning home but managed to get out safely.
    Firefighters are battling a massive fire in East Bank in Kanawha County. A house on Walnut Street went up in flames around 5:15 a.m. Firefighters said two people were home at the time but managed to
    Three escape massive fire in a home on Walnut Street in Kanawha County

CLEVELAND (AP) - Customers who buy natural gas from two Ohio providers will pay less in February thanks to high production from shale gas wells and other factors.
    
The (Cleveland) Plain Dealer (http://bit.ly/Yi8mB2 ) reports that rates will be lower for customers who buy natural gas through Dominion East Ohio and Columbia Gas of Ohio's standard choice offer.
    
Beginning Wednesday, Columbia's price falls 2.5 percent to 47.6 cents per 100 cubic feet. That price will run to Feb. 27. On Feb. 13, Dominion's price will fall 3 percent to $3.83 per 1,000 cubic feet.
    
The monthly variable rates are linked to the price of natural gas contracts traded on the New York Mercantile Exchange. Since November, contract the prices have closed down at the end of each month.