Oct 28, 2021
12:49:36pm
Nat Gas Man Truly Addicted User
The compounding problem of inflation. In the natural gas business, the cost of
the actual gas has gone up significantly over the last year. Mostly that is due to the Hurricanes and Texas freeze. It takes up to 2 years to bring an offshore field back online.

As a result Dominion is raising their prices 9% beginning Nov 1st. So for all those that live in Utah, adjust your budgets now. However, because of other inflationary factors and that the price of fuel will increase the prices of everything from healthcare to groceries, Dominion will likely have to raise prices another 10% within the next year to keep pace with the other costs affecting their business.

So in a 12 month period there will be about a 20% inflationary hit to everyone. Just thought I would pass on the complications and real life negative affects of inflation.
Nat Gas Man
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TXSmith
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Nat Gas Man
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