Should I lock in my natural gas price?

So I live in Northern Illinois. The current cost per therm for natural gas is about {content}.45. In 2008 it average about {content}.95. We just locked in for the next five years at {content}.79. Does this seem worth it? I don’t know much about the fluctuation of natural gas prices. I assume they will continue to stay low for a while due to the economy, but for how long? I have 30 days to cancel this deal, so I signed up for it so I can think about it. Anyone have any advice? Does this seem like a good idea or should I cancel since the cost per therm is so low right now? I think they usually do this when they know the cost is going to stay low or even drop more. Any help would be greatly appreciated! Thanks!

This entry was posted on Friday, July 24th, 2009 at 1:03 am and is filed under Natural Gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.