With a decline of 6.15% today, the bottom continues to fall out of natural gas. As shown in the chart below, the trend has been sharply lower for natural gas for the last six months.
The steep drop in natural gas combined with the rallying price of oil has pushed the ratio of oil to natural gas to record levels. As shown below, the ratio has basically gone parabolic over the past few weeks. You would think that reversion to the mean would kick in at some point, but until the trend turns, it's hard to step in front of this trade.
With its abundance here in the US and its low price, every day more people are wondering why nothing significant is being done to increase its use on a much wider scale.