Three recently released reports highlight natural gas industry economic benefits, as well as its resiliency and bright future in delivering consumer savings.

Natural gas touches every aspect of our daily lives, from fueling our stoves and cars, to producing electricity that charges our mobile phones, provides us with light and keeps us cool. Without energy, and in particular affordable natural gas, our lives and economy would come to a standstill.

Three recently released reports highlight the natural gas industry’s economic benefits, as well as its resiliency and bright future.

In a report out last week by the Consumer Energy Alliance (CEA), the benefits of Ohio’s natural gas production to consumers and job creators is highlighted. CEA explains the shale revolution has reduced Ohio natural gas prices from a peak of $10.66 to just under $4 in recent years. As a result, Ohio natural gas consumers have saved over $40.2 billion between 2006 and 2016 as a result of the decreasing price of natural gas; with residential users saving almost $15 billion, while commercial and industrial users saved more than $25 billion.

The report also mentions the role the shale revolution has had in lowering gas prices at the pump. This past July 4th holiday, the American Automobile Association found that 46.9 million Americans drove more than 50 miles, making it the fifth consecutive annual increase and highest travel volume. As one of the busiest years for summer road travel, cost savings at the gas pump are at the forefront of the average American’s mind when planning a vacation.

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