California consumers are getting sticker shock when they look at their utility bills after natural gas prices spiked about 32% since December, according to PG&E.
Restaurant cope with natural-gas prices."There's a huge spike in costs, and it's very concerning for business owners," said Jess Moreles, the Operations Manager for three downtown San Jose restaurants including Farmers Union, Blanco and San Pedro Social.
"Coming out of last year in December, we were at $4,800. And then in January of this year, costs skyrocketed to $7,348 and then subsequently this past February, our bill was actually $12,858." Moreles said. "We've had very short term price hikes, a day or three days. But this one lasted all of December, January and into February," Professor Borenstein said.In a statement, the company said,"PG&E does not control the market prices for gas and electricity and, like other utilities, does not mark up the cost of gas and electricity that it purchases on behalf of its customers.
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