Dec 3, 2001
Petroleum and natural gas prices are at a nearly all time low, right? At least in the commodity markets they are.
MichCon, a major natural gas utility in the Detroit area, just raised its rates, which in some cases will nearly double gas bills for next year.
When you call MichCon’s customer service reps, they tell you it’s because the price of gas is going up! Huh???!!? Duh??
Petroleum and natural gas prices are, in fact, at a nearly all-time low, right? So what gives? Nothing but MichCon’s desire to cash in the way that California utilities did last year!