Need to look up natural gas prices? Would you like to be able to make comparisons with other commodities using charts? If that is your case, we recommend you read this post.
Natural gas is a mixture of gases among which methane is found in greater proportion. The proportion in which this compound is found is from 75% to 95% of the total volume of the mixture. The rest of the ingredients are ethane, propane, butane, nitrogen, carbon dioxide, hydrogen sulfide, helium, and argon. It is a resource widely used throughout the world due to its high calorific power, it generates less amounts of CO2 and it is very versatile due to its number of uses.
Its application as a source of energy for heating is one of the most common uses of natural gas. In addition, it is causing the use of electric heating to decrease, since despite the fact that the installation of natural gas has a somewhat high cost, its price difference with electricity means that it is amortized in a very short time. Its second use is linked to heating the water in the shower and any tap in the house. Finally, we must not forget its use for cooking.
As there are so many domestic uses, it is already very common for families to receive the gas bill, especially in winter, when it is used the most. However, due to the war between Russia and Ukraine, its price was affected. This is because Russia is the main supplier of gas to Europe and due to the war, the European Union began to receive much less gas, causing an increase in its prices.
To be up to date with its prices and its historical changes, we recommend using the Commodities-API for several reasons. One of them are charts.
Why Should You Use Commodities-API?
Commodities-API started out as a simple, lightweight Open-Source API for current and historical commodities rates. It is a service that constantly receives and updates the prices of different commodities, such as natural gas in your case. This is thanks to its 15 top quality information sources (including banks and financial data providers). But in addition, this data is displayed with a precision of 2 decimal points and is updated in just 60 seconds. Thanks to the above, Commodities-API became the number 1 tool to display prices of this type of product.
Another interesting tool that we recommend using is charts. These are powerful tools for data visualization and allow complex information to be represented in an accessible way. It is a good idea when we want to compare natural gas with other commodities and their prices over the years. Just go to its website and click on “charts”. The rest is easy, just choose the Commodity or Currency as base and as target. Don’t forget to choose the time!
