Lots of places are looking into phasing out natural gas though. California gives you rebates for heat pump water heaters and there's plenty of discouragement to

Lots of places are looking into phasing out natural gas though. California gives you rebates for heat pump water heaters and there's plenty of discouragement to block new gas appliances and hookups. There will be a feedback loop once that really starts: individual prices go up because infrastructure costs remain the same, but less people are using gas. Once natural gas prices go up, people will switch to more efficient appliances, or switch to electricity. Forcing prices to go up some more to make up for infrastructure costs. I agree with you about people following their wallets and that's why people will want to change to heat pumps when gas becomes too expensive. Remember the prices in December?