According to Bloomberg, the biggest rally in fuel prices in eight years is prompting U.S. natural-gas producers to resurrect abandoned fields and drill new wells that were previously deemed too costly.

Active gas rigs rose to a record high this week, according to a survey by oil and gas service company Baker Hughes (BHI). Other companies, like Devon Energy (DVN) and Range Resources (RRC), are drilling wells that cost three times as much as the traditional methods of acquiring natural gas.

In just this month, gas futures have risen to over $13 per million BTU for the first time since 2005. This year, gas futures have gained nearly 80%. The performance has exceeded the rise 48% increase in oil and all commodities besides coal.

See Professor Lance Lewis’ Gold, Oil The Real Deal.

From the Bull Pen: Is natural gas part of a real bull market? Those bullish can play the natural gas ETF (UNG). A pullback to the $55-60 range could be an opportunity for an upside play.

From the Bear Cave: Those bearish can revisit the Ultrashort oil & gas (DUG). Professor Sean Udall mentioned using this vehicle as this ETF has held up even in the face of rising oil prices.