Ebel and a panel of gas executives speaking here said the situation would have been worse had this frigid winter come five or ten years ago. "I think the Northeast was pretty lucky this winter," Ebel said.
Still, natural gas storage levels are lower than they've been since 2008. That could mean even higher prices are on their way, either this summer if temperatures rise or this winter if drillers don't re-fill storage caverns.
Prices might even rise high enough to get drillers interested in gas again. "If this summer starts hot you will see some interesting situations," Ebel said.
Jonathan Fahey can be reached at http://twitter.com/JonathanFahey .