Cold Snap, Pipeline Problems Blamed For Doubled Natural Gas Prices

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Cold Snap, Pipeline Problems Blamed For Doubled Natural Gas Prices
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The price of natural gas has more than doubled in California over the last month.

According to SoCalGas, the December cold snap is to blame.

But Severin Borenstein with UC Berkeley’s Energy Institute said the answer isn’t"Natural gas prices in the middle of the country and the East are actually pretty low compared to earlier last year,” Borenstein said. “Any time you see these huge price differentials between California and elsewhere in the country...that means there's a pipeline problem.”

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