How much does an Mcf of natural gas cost?

How much does an Mcf of natural gas cost?

In the United States natural gas is typically priced in dollars per MMBtu, dollar per cubic feet, or dollars per therm. The national average for natural gas in January 2020 was $9.52 per thousand cubic feet 3.

How much is 100 cubic feet natural gas?

Therefore, 100 cubic feet (Ccf) of natural gas equals 103,700 Btu, or 1.037 therms. One thousand cubic feet (Mcf) of natural gas equals 1.037 MMBtu, or 10.37 therms.

What is a standard cubic foot of natural gas?

SCF – Standard Cubic Foot is one cubic foot of gas at standard temperature and pressure (60 degrees F and sea level). Since both temperature and air pressure affect the energy content of a cubic foot of natural gas, the SCF is a way of standardizing. One SCF = 1020 BTUs.

How many cubic feet of natural gas does a home use?

196 cubic feet
Natural Gas Customers On a daily basis, the average U.S. home uses 196 cubic feet of natural gas. Natural gas comprises almost one-fourth of all primary energy used in the U.S. and is directly linked to jobs and economic health.

How many gallons is a CCF?

748 gallons
The first “C” comes from the Roman word for hundred, “centum.” This is the most common unit used by both water and natural gas utilities. But you may be more familiar with the other unit, the gallon. One CCF is equal to 748 gallons.

What units is natural gas sold in?

In the United States, natural gas can be priced in units of dollars per therm, dollars per MMBtu, or dollars per cubic feet. The heat content of natural gas per physical unit (such as Btu per cubic foot) is needed to convert these prices from one price basis to another.

What does MCF natural gas mean?

MCF is an abbreviation derived from the Roman numeral ‘M’ for one thousand, put together with cubic feet (CF) to measure a quantity of natural gas. A natural gas well that produces 400 MCF of gas per day operates with a daily production rate of 400,000 cubic feet. In terms of energy output, one thousand cubic feet (MCF)…

How much natural gas is in 1 therm?

One therm is equal to about 105.5 megajoules, 25 200 kilocalories, or 29.3 kilowatt-hours. One therm can also be provided by about 96.7 cubic feet (2.74 m 3) of natural gas. The therm sometimes has been confused with the thermie.

What is the price of natural gas per gallon?

Let’s assume the cost for natural gas is $15.00 per 1,000 cubic feet. This means that $15.00 will purchase approximately 1.03 million BTU’s of energy. This would be equivalent to 11.26 gallons of propane. At $2.50 per gallon of propane, natural gas would be a more cost effective energy solution.