Domestic natural gas supplies are at an all-time high following an unprecedented warm winter last year. This week many are turning on their home heating for the first time.

Chris McGill, at the American Gas Association says forecasters expect the coming winter to bring more normal temperatures, in turn, he suggests consumers will see only a modest increase in their heating bills. "Around the country, as we view it, maybe 7 percent increase in natural gas bills for consumers over the winter heating season."

McGill says 64 billion cubic feet of natural gas is produced in the U.S. every day. That's over 20 percent more than five years ago.

Here in Wyoming, we experience the double edge with record reserves and low prices. Consumers save on energy bills at home, whilst the state makes budget cuts as it looks to adjust to lower revenues from those same low prices.