Natural Gas price with chart

A gassed up weekly looking like breaking up

Bearing in mind that chart’s for the US.

For LNG on international markets it’s far higher:

Source = Australian Competition & Consumer Commission (ACCC) published 16 August 2022 and freely available on the ACCC’s website.

So we’re looking at prices circa AUD 70 per GJ over the next few months. To put it into perspective, that’s equivalent to oil at just on USD 300 per barrel or more than triple the present actual price of oil.

Or I could say it’s equivalent to AUD 2.70 per litre of diesel. For reference the actual wholesale price of diesel is presently AUD 1.43 per litre (location = Sydney and excluding excise and GST, source = Ampol).

So it’s actually cheaper to fire a boiler with diesel or even jet fuel than to run it with gas these days, a truly incomprehensible concept from an historical perspective. :2twocents