# Natural gas prices to fall

> National Fuel Gas Distribution Corp. announced a 4.4% cut in delivered natural gas prices effective Tuesday, reducing a typical household bill from $71.71 to $68.54 per month. The utility serves about 740,000 customers in western New York and northwestern Pennsylvania. It attributed the decline to low market prices driven by large Marcellus Shale supply.

- Date: 2016-10-31 · published 2016-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9178-natural-gas-prices-to-fall
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Abundant Marcellus output keeps Northeast wholesale gas prices weak, which passes through to lower retail bills. This reflects continued bearish pressure on US gas supply costs.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- goerie.com: https://www.goerie.com/story/business/2016/10/31/natural-gas-prices-to-fall/24568523007/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.