The price of natural gas has dipped just below $2 for the first time in more than a decade. Gas fell to $1.999 per 1,000 cubic feet on the afternoon of April 11. The last time it fell below $2 was Jan. 28, 2002, when it fell to $1.91, according to The Associated Press.
On April 10, the U.S. Energy Information Administration (EIA) released a prediction that electricity generation from coal will decline by about 10 percent this year as generation from natural gas increases by about 17 percent.
A mild winter and a boom in shale gas production has led to the abundance of natural gas.
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