Two Years Too Much
What’s changed in our industry in the last two years? Everything.
The Consumer Price Index continued to deliver distressing news. March’s CPI was up 8.5 percent year-over-year. The CPI’s component for electric service was up more, 11.1 percent. And the component for natural gas service was up even more, 21.6 percent.
The cause — whether for electric or gas service — is once again the natural gas commodity markets. You could see that clearly in last week’s Producer Price Index.