Michigan’s natural gas prices have generally been falling over the last several years but remain higher than the “Top Ten” average and the average of peer states.

What It Is: A weighted average of the price per thousand cubic feet of natural gas for industrial and commercial users, weighted by the proportion of consumption from each sector.   

Why It Matters: Maintaining competitive energy costs contributes to a state’s attractiveness to businesses.

Natural Gas Cost Trends

Natural Gas Cost Standings

Source: Energy Information Administration (Natural Gas Data Interactive)