Negative prices

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Via Truck and Barter comes this from the UK:

Wholesale gas prices for immediate delivery turned negative on Tuesday as supplies surged in from the new Langeled pipeline from Norway.
Britain's gas storage capacity is 96% full so firms need to offload supplies.

It is rare, but prices can be negative.

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2 Comments

It's rare for prices on goods to be negative ... prices on "bads" often are.

And "bads" are typically bad because disposal is costly.

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This page contains a single entry by William Polley published on October 4, 2006 4:23 PM.

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