Natural gas prices hit all time low for November

by: Jim Strickland Updated:

TUCKER, Ga. —

Channel 2 consumer investigator Jim Strickland went digging through state records and found great news for Georgians.

Gas marketers this week posted the lowest fixed natural gas prices ever offered in the month of November.

"The markets have been down in the past few weeks. We made great buys last week and we're going to pass those saving along to the customer," said Jason Sutton with True Natural Gas.

The company's fixed prices of 49.9 percent is the lowest ever offering in November since deregulation of the industry in the late '90s.

A fairly new extraction technology called fracking has opened up new gas reserves that were once untapped.

Suzanne Dickinson of Tucker signed up for natural gas Wednesday.

"I have been hearing about all the natural gas surplus that we have right now, and I was just really pleased. That the rates are coming through over to the consumer," Dickinson said.

Current rates are roughly one-third the level seen in 2005.

"I don't see any changes in the next couple of years. The days of paying .80 or .90 centers per therm fixed rate, you're not going to see that for a long time," Sutton said.