Winter may be here, but one energy supply has been growing substantially -- and that may help heating bills down the road.
Though wintry weather is hitting the northern parts of the United States, there may be good news down the road for consumer heating bills and it's not just because spring is three months away.
Instead, it's that one supply of energy has actually been increasing substantially in the United States – natural gas.
To be sure, January is the peak time for natural gas. For the past three Januarys, the average daily consumption of natural gas in the US was 91.4 billion cubic feet, according to data from the US Energy Information Administration. May is usually lightest month for natural gas – for the last three Mays, the average daily usage was 56.6 billion cubic feet.
(Watch: Cold weather keeps nat gas hot)
But while natural gas usage has been fairly predictable, supply has grown significantly over the past decade. The past November, production was at nearly 2.2Read More »from Why heating bills may go down (and it’s not because of the weather)