So much for the myth that fracking = cheap energy.

[FBaggins]

2. That doesn't really follow.

Daily price changes are not evidence of whether or not something is cheap.

Hello? The gas is going wherever it can fetch the highest price,

Of course. But gas is much harder (and thus more expensive) to export than coal/oil. US prices will necessarily remain much lower than global prices unless/until export capacity grows by orders of magnitude.

The larger factor that will boost gas prices is the substantial shift in comsumption patterns. Demand growth that exceeds productin growth rates will have the larger impact.