Utility and Manufacturing companies may be enjoying the benefits of cheap natural gas in the U.S., but what about everyday American consumers? According to the Energy Information Administration, quite a bit. In 2012, only 2.7% of total household income was dedicated to energy bills, the lowest its been in a decade. Much of that can be attributed to a 3% reduction in residential gas prices.
Certainly, increased production is a big reason for this -- but its not the only reason. We also need to consider that pipeline infrastructure over the past few years has allowed gas to more efficiently reach the market. In this video, Fool.com contributor Tyler Crowe takes a look at some of the driving forces behind this drop in energy bills, and if we can expect this trend to continue through 2013.
