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No, Teflon tape will not stop a gas leak. In fact, no type of tape is the solution to a gas pipe leak. If you suspect a leak, turn off your home’s gas supply and contact a pro or your utility immediately. Teflon tape is only for preventing leaks during pipe installation, not for repairing existing leaks.

Call 811 to locate and mark the gas lines at least three days before digging. In many areas, you can dig within 18 inches of the lines, though in some locations, the distance may be further. Check local regulations, as you may need a utility company representative onsite when digging. Document your calls to 811 and precautions taken to avoid gas lines. A homeowner can be held liable for hitting a gas line in some cases, but contacting the proper authorities and following all guidelines can offer protection.

The effect a gas fireplace has on your gas bill will depend on how often you use it, the size of the rooms you’re heating with it, and the BTUs of the fireplace itself, but generally speaking, it should only cost a few cents an hour to run it when it’s on. It will consume minimal energy when it’s “off” if you have a pilot light running constantly, but some modern gas fireplaces don’t require a constant pilot light.

The cost to repair a gas leak is $120 to $250 on average, but it could be as costly as $5,000, depending on the leak location and severity. 

For example, if you have drywall covering the source of the leak, you'll need to hire a contractor to replace the removed drywall. In addition, if the leak is underground, you'll need a contractor to excavate the ground to reach the gas line.