Gas prices are down this month, but it’s still too early to call a major collapse in the market.
Natural gas prices have fallen more than 2% in the last month, falling more than $1 per million British thermal units, or BTUs, according to data from the Energy Information Administration.
The price has dropped 4.6% from March through April.
That’s the lowest drop since April 2015.
In the first quarter, natural gas prices were $3.27 per million BTUs.
But the energy industry is predicting a decline of 1.5% next year, and more than 4% in 2019.
That means natural gas is likely to fall another 3% in 2020, the latest data available.
A drop in natural gas could also be a big boon for utilities and the states that provide power.
The Federal Energy Regulatory Commission (FERC) said last month it could lift the ceiling on the amount of natural gas utilities can charge consumers, and in some cases, could double that.
It could also lead to a decline in prices, and some utility companies have already begun phasing out coal and natural gas.
“We do see a lot of utilities, like electric utilities, looking to see if it’s an attractive proposition to do that,” said Mark Rees, the executive director of the Electric Reliability Council of Texas.
“It’s not that they don’t think they could get a competitive advantage, but they’re looking to do it more gradually.
We’re hoping that this trend toward lower prices will continue.”
As natural gas costs have fallen, the U.S. has had to ramp up its reliance on renewable energy sources, and that has contributed to the decline in natural and nuclear power.
That has contributed as well to the rise in carbon dioxide emissions.
The Environmental Protection Agency says it is seeing a rise in air pollution from coal-fired power plants in the U