National Fuel Lowering Rate

National Fuel Gas is expected to lower the price for natural gas by 10 percent starting tomorrow. Nancy Taylor of National Fuel says that in August the company had projected rates they would pay for this winter would be about 38 percent higher than last year, but their purchase price has come down. She says the decrease is a direct result of lower wellhead prices plus lower projected costs for natural gas as compared to the costs that were projected as recently as September.