By Purchasing Staff -- Purchasing, 6/18/2009 2:00:00 AM
Natural gas prices may slide deeper this year than estimated originally because of a growing glut of supply. The Henry Hub natural gas spot price is projected to average $4.06 per thousand cubic feet (mcf) in 2009, down from an average of $9.13 in 2008. The Energy Information Administration says working gas inventories are 497 billion cubic feet higher than year-ago levels.
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