Friday, 27th April 2007

An Economic Analysis of Consumer Response to Natural Gas Prices

An Economic Analysis of Consumer Response to Natural Gas Prices (PDF; 1.4 MB)
Source: American Gas Association
From press release (PDF; 33 KB)

Since natural gas costs unexpectedly spiked in 2000, natural gas utilities have been encouraging their customers to use energy wisely -- and their customers listened beyond all expectations, according to the American Gas Association (AGA), which represents the nation’s natural gas utilities.

In a new study released here today, “An Economic Analysis of Consumer Response to Natural Gas Prices,” AGA said households decreased consumption of natural gas by a steady 1 percent annually between 1980 and 2000. After the 2000 price spike, they reduced consumption by 2.2 percent annually between 2000 and 2006. They accelerated their reduction to a stunning 4.9 percent annually between 2004 and 2006. In total, households reduced their consumption of natural gas by 33 percent between 1980 and 2000. This pattern occurred in all regions of the country.

Category:

• Business and economics (DocuTicker)
• Consumer issues (DocuTicker)
• Energy (DocuTicker)

Source:

• American Gas Association

Views: 702

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