Natural Gas Cost Increases January 2023 –
Kinetic Die Casting Company’s recent SoCal Gas bill has more than tripled (300%+) in the last 12 months. On 01/23/23 our natural gas cost from Southern California Gas Company increased to $3.75 per Therm from $1.15 per Therm cost in the same time period last year, 2022. Our utilities cost has increased over the last year but this month was the largest increase of over 200% and the largest cost we have ever experienced. We use a lot of natural gas to melt our die casting metal alloys in our manufacturing process. This Southern California Gas Company natural gas cost increase is the largest gas cost increase I have seen, as far as I can remember, in almost 30 years of owning Kinetic Die Casting Company. I have no choice but to include a gas energy surcharge on all Kinetic Die Casting Company invoices starting today. That gas surcharge will be updated monthly as our new gas bill arrives on the 22nd of each month.
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