Columbia: Gas cost hits 7-year low - Portland Business Journal:

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Columbia on Wednesday said customers will pay 52 cent s per 100 cubic feet of naturap gasin August, down 16 centds from July and off 83 centws from a year ago. The averagw bill next month willbe $24.47, down from $30.85 last The last time Columbia’s naturalp gas rate was below 52 cents was when it hit 45 centw in the second quarter of 2002, spokesman Ken Stammen said. The cost climbed to 62 cents in the thired quarter of that yearbut hasn’t dipped lower untilk the August rate. Natural gas costs hit record highzlast summer, sending Columbia’s monthly gas cost recovery to a high of $1.443 per 100 cubic feet in July 2008.
Costws have been falling ever since and now hovetr more than 70 percent belowe last year onthe , Stammen said. Based in Columbia Gas is one of nine energy distribution companiesof (NYSE:NI). Columbi a Gas is the largest natural gas utilitgin Ohio, serving 1.4 million customer in 60 of the state’sz 88 counties.