Natural Gas Cost Spiking; Atmos Bills Expected to Rise 11%

Rising utility rates coming our way as natural gas prices are now almost double what they were this time last year.

Posted: Oct 5, 2021 4:50 PM

Rising utility rates coming our way as natural gas prices are now almost double what they were this time last year.

Natural gas prices are soaring in our country. Some experts expecting natural gas prices may hit a 13-year high due to multiple factors, and that spike directly affecting the cost to heat your homes here in our tri-state.

“Yes, we’re going up," said Kay Coomes. "The average price this quarter is about $55 a month. When we file our new gas cost adjustment in the next quarter, which will be November, December, and January, it’ll be about $61 a month, average pricing.”

Coomes says Atmos has no control over this increase, as they’re not allowed to markup gas costs. The company is expecting to only see an 11% increase in cost this next quarter, and that’s due to them using stored gas they had purchased at a cheaper price in the past

And for those looking to save some money, Coomes said turning down your thermostat at night by just five degrees will almost offset this price increase.

Evansville
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Hi: 70° Lo: 39°
Feels Like: 57°
Owensboro
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Princeton
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Madisonville
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Jasper
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The combination of sunshine and southerly winds will make for another abnormally mild day throughout the Ohio Valley - expect an afternoon high temperature near 69° this afternoon. Friday evening looks as though it will be just as pleasant; after seeing the upper 60s earlier in the day, we'll dip to 60° by 5 PM before falling towards 54° around 7 o’clock. We are however, watching a passing low pressure system and accompanying cold front that is expected to pass through the Tri-State late Friday evening and early Saturday morning.
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