The answer to that question of the cheapest natural gas rates depends on what kind of natural gas is considered: residential, industrial, or commercial. Prices vary wildly according to the end use, and some states fare well in one area but not in another.
Choose Energy® analysts considered the topic from all three perspectives, using the most recent data from the U.S. Energy Information Administration. Rates discussed below are for July and are expressed in dollars per 1,000 cubic feet.
The cheapest residential natural gas rates
Utah has the cheapest natural gas rates, coming in at $9.12 per 1,000 cubic feet. That’s nearly 8 percent lower than No. 2 Montana. The average rate for the month was $17.57.
The most expensive rate was Hawaii’s $38.17 – nearly 38 percent higher than Georgia, which had the second-highest rates.