You might want to sit down when you open your gas bill this winter.
While the price of natural gas has already doubled in the past year, energy analysts say it could be shooting up another 30 per cent in the next few months, pushed by cooler weather, and Russia shutting off the taps to European consumers.
“One thing for certain is that if cold weather arrives early, the overseas natural gas crisis will start washing up on North American shores. It might be a good time to take out flood insurance,” Desjardins Securities energy analyst Chris MacCulloch wrote in a recent note to clients.
