Natural gas prices expected to drop across LI
Long Island homeowners who use natural gas to heat their homes can expect to see a decrease in their bill come summertime.
According to National Grid, the falling market price of natural gas will result in a 25 percent reduction for its customers. The director of National Grid's gas distribution and pricing says the company is hedging between now and winter to lock in at the current lower price, this way customers will not pay more when it counts.
Some Long Islanders say they are skeptical. One resident says he is thinking about converting from oil to gas, but only if he is guaranteed the price would remain low.
National Grid says last May residents paid on average a $1.36 for natural gas, but come this May the price will be only 54 cents plus the delivery fee.