Michigan’s natural gas prices have fallen by 40 percent since 2008, and are slightly lower than the “Top Ten” average. Despite significant price declines, Michigan natural gas prices in 2016 were higher than the peer state average. 

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 Costs Trends

Natural Gas Costs Standings

Source: Energy Information Administration (Natural Gas Data Interactive)