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News Releases 2012
Homes With Natural Gas Appliances Save An Average of $518 Annually
President Touts Benefits of Natural Gas
Natural Gas is Key to Our Nation’s Economic Future
Natural Gas Council Statement on State of the Union Speech
AGA Report Shows U.S. Has Largest Natural Gas Storage in the World
Energy Groups Urge EPA and DOT To Provide Level Playing Field For Natural Gas Vehicles Under New Fuel Economy and Tailpipe Emission Standards
AGA Disappointed With LIHEAP Funding in President’s Budget
AGA Releases 2012 Playbook
Natural Gas Utilities Call For Full Funding of LIHEAP
AGA Praises FERC for Elevating Discussion On Gas-Electric Integration Issues
AGA Welcomes George Lowe as New Vice President of Federal Affairs
AGA Report Details Responsible Natural Gas Development
Executive Order to Speed-up Energy Infrastructure Permitting Process Will Help Natural Gas Customers
Natural Gas Council Asks FERC to Lead Effort Examining Gas-Electric Coordination and Market Rules Affecting Reliability
Calling 811 Before You Dig Can Save Lives
AGA Encourages FERC Dialogue on Gas-Electric Issues
U.S. Natural Gas Reserves At Record Levels
Limited Data on Methane a Fundamental Challenge
AGA Encouraged by Obama’s Executive Order
AGA to Host LNG 17
Natural Gas is the Best Heating Value
Natural Gas Utilities Reward Safety
Utilities Take Action to Further Improve the Safety of Natural Gas Distribution Systems
Customers See Benefits of Natural Gas Abundance
United States Leads Worldwide Conversation About Responsible Resource Development
Natural Gas Utilities: Building and Enhancing an Advanced Energy Delivery System
ARPA-E Program Will Spur Natural Gas Vehicle Innovation
McCurdy: Developing the market for natural gas vehicles enhances both our energy security and our economy
NPC Study Emphasizes Significant Opportunities
LNG 17—Open for Registration
Building A 21st Century Infrastructure In Communities Across the Nation
AGA Response to Romney Energy Plan
AGA Applauds White House Fuel Efficiency Standards
White House Executive Order Will Increase Competitiveness of U.S. Manufacturing
Obama Outlines Future with Natural Gas
Natural Gas Fueling Infrastructure Models Vary
AGA Says Customers will Benefit from Low Prices Again this Winter
Stephen Ewing Receives AGA’s Distinguished Service Award
Questar Corp. Chairman, President & CEO Ronald Jibson Elected 2013 AGA Chairman
AGA Report Envisions a Decade of Natural Gas Market Stability
Natural Gas Utilities Activate Mutual Assistance Program In Response to Hurricane Sandy
AGA Congratulates President Obama, Encourages Smart Energy Policies
AGA Commends NARUC For Continued Recognition Of The Benefits Of Natural Gas
Utilities Work Towards Increased Safety For Natural Gas Infrastructure
Powerful Step To Help Reduce Barriers For Natural Gas Vehicles
Delivering the Promises of Natural Gas in 2013 and Beyond
DOE Report Affirms Role of Natural Gas as a Foundation Fuel
Videos
AGA Applauds Policy Guidance on Cyber Threat Information Sharing and Antitrust
Utilities Work With Congress to Continue Safe Delivery of Natural Gas
Thomas E. Skains, Piedmont Natural Gas, Receives AGA’s Distinguished Service Award
AGA

 5/22/2012 

AGA Contacts:
Jennifer O’Shea, 202-824-7023
Jake Rubin, 202-824-7027

 Customers See Benefits of Natural Gas Abundance   

 
Typical residential customer saved more than $175 in 2010
 

Washington, D.C. – Low domestic natural gas prices have led to savings of almost $250 billion for natural gas customers over the past three years. The American Gas Association (AGA) today released a study entitled “Identifying Key Economic Impacts of Recent Increases in U.S. Natural Gas Production” which credits the recent success of shale gas production in the United States for lower natural gas commodity prices which have translated into huge savings for residential and commercial customers.

“Our customers have been seeing the benefits of our domestic abundance of clean natural gas on their bills,” said Dave McCurdy, AGA’s President and CEO. “Now our nation has an opportunity to benefit from this abundance as well. When natural gas is combined with the entire energy portfolio of wind, solar and nuclear, the result is an entirely new playing field for the U.S. economy and a giant step towards increasing our energy security.”

A typical residential customer saved more than $175 during 2010 alone. The average commercial customer saved more than $1,100 on their 2010 annual bill. Natural gas utilities do not earn money on the price of the commodity, but rather charge a delivery fee for the service they provide which is regulated by the local utility commission.

The report also details the employment impacts associated with shale basin development. Job creation directly tied to energy extraction and delivery accounted for about 150,000 new jobs in 2011, or about nine percent of all new U.S. jobs that year. In 2010, it was estimated that shale gas alone had almost 150,000 people directly employed in the shale gas extraction activity. 
Jobs that provide goods and services to the shale industry totaled 194,000 in 2011. States such as Pennsylvania and Texas have seen some of the biggest gains.

McCurdy continued, “These crucial economic impacts can be sustained if we continue responsible and sustainable development of natural gas resources and work to include natural gas as a foundational component to lower carbon energy solutions in our future.”

You can read the report here.

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The American Gas Association, founded in 1918, represents more than 200 local energy companies that deliver clean natural gas throughout the United States. There are more than 71 million residential, commercial and industrial natural gas customers in the U.S., of which 94 percent — over 68 million customers — receive their gas from AGA members. Today, natural gas meets almost one-fourth of the United States' energy needs.

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