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Article: CIBC World Markets report predicts natural gas prices will rise along with summer temperatures in North America.
- Article from:
- PR Newswire
- Article date:
- May 9, 2006
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TORONTO, May 9 /PRNewswire-FirstCall/ -- Consumers who benefited from cheaper home heating costs this past winter due to record warm temperatures are likely to need those savings to pay their electricity bills this summer, states a new report from CIBC World Markets.
CIBC World Markets' Monthly Indicators report released today predicts that natural gas prices will rebound as the summer heats up and demand for electricity to fuel air conditioners rises.
"While record warm temperatures this past winter put money back in Canadians' pockets we are likely to put it all back into our air conditioners this summer," says Jeff Rubin, Chief Economist and Chief ...