Pacific Gas & Electric (PG&E) said that the average gas bill is expected to be $97.64 for January 2008. Gas prices across the US have reportedly decreased since December 2007 and these price decreases are being attributed by the utility to the high levels of gas in storage.
PG&E said that while natural gas costs could rise or fall in the winter months depending on weather and market conditions, it has worked to protect its customers from severe price spikes through smart purchasing decisions, financial hedging against price spikes, and using its extensive pipeline and storage infrastructure to help lower gas purchase costs.
