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LVE Raises Natural Gas Price

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Energy Prices continue to rise for Jackson Hole and Star Valley.  Lower Valley Energy has announced the cost of natural gas will increase by 15¢ per therm on March first. Spokesman Brian Tanabe explains that the increase is a pass-through of the price increase being charged the cooperative from the wholesaler.  He explains that the market for natural gas has gone up slightly due to a general volatility— especially during the winter months. At the same time, Tanabe says propane prices will increase again March first – this time by 32¢ a gallon.  It had increased in January by 56¢ a gallon so since the first of the year, customers will be paying 88¢ more per gallon than last year.  Tanabe says the brutal winter nationwide is the cause.  He explains the weather across the country has been colder than normal.  Tanabe says, “People who don’t normally heat during the winter have been using propane, and I heard from several propane distributors that the farming industry had a cold season, and toward the end of the summer had to use a lot of propane deal with the coldness in the crops.” Still, Tanabe says the coop rate is significantly lower than many other distributors are charging around Wyoming.

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