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Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
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In Reply to: I don't understand how futures works with gas. posted by srdavis2000 on January 6, 2023 at 09:00:25:
They're blaming a spot price surging to $9, but that peaked at $8.81 in August. Today's price is back down to $3.78.
Either they're trying to get back some costs when they lost money on the rates last year or they got themselves on a stupid contract at the peak of the market.
If a $7.70 spot price in June '22 equates to their cost of $1.04, then the cost now should be back down to about 50 cents. Instead, they're claiming that they're paying over $3/therm.
-Rod
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- I surely don't believe SDG&E! - Rod M 01/6/2310:01:09 01/6/23 (1)
- As long as you still... - Ivan303 10:48:32 01/6/23 (0)
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