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Columbia Gas of Ohio Lowering Prices

Some good news for consumers today: Columbus Gas of Ohio says a near-record gas supply is driving down prices.

Columbia says beginning in March, the average monthly bill for customers who spread payments out through the year will drop from $82 a month to $53. Columbia spokesman Ken Stammen says the price drop comes amidst a mild winter and near-record gas supplies.

“As a result of that, we’re seeing much lower prices of natural gas from what we anticipated last summer when we set the original budget payment plan for the year. We’re seeing less demand that what we anticipated, as well.”

The new rates take affect March 1st and run through the end of July.

Stories from the Associated Press.