According to the reports, the price of the natural gas fell down by 2% on Thursday after the U. S. supplies were less than expected.
On the other hand, the oil price gained a new price height and went above $110 per barrel. This hike in price has been the first time since September, 2008. This has created a situation of concern among the U. S. drivers, who are now paying an average amount of $3.73 per gallon. This price has gone up by 65 cents per gallon since last January.
The oil and the natural gas have seen two different trends for the last two years. Oil prices have climbed up since the countries like China and India have started boosting their economy and in a process the oil demand has increased.
Natural gas only has utility in domestic front and the price chart shows the decline in its price range.
On an average the price of the natural gas was dropped by 5 percent last month as compared to previous year. The oil market, has gained a hike of 27 % since last year.
Market analysts claim that this disparity would keep on increasing in the upcoming years. The Energy Information Administration recorded that the natural gas stocks were down by 45 billion cubic feet last week. Analysts are expecting a bigger drop in recent times.
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