December natural gas price in Southern California was the lowest since 2015
Natural gas prices at SoCal Citygate, the major price hub in Southern California, averaged $3.61 per million British thermal units (MMBtu) in December 2023—the lowest December price since 2015 when adjusted for inflation—according to data from Natural Gas Intelligence. The main drivers for the low price this past December were: Annually, natural gas consumption typically peaks in California during December. The unusually high natural gas prices at the end of 2022 were partially due to weather-related demand. November 2022 was the coldest November in California since 2000. California experienced 399 ...
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