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Dutch and British wholesale gas prices fell on Thursday morning after steep rises this week, amid higher wind output and robust liquefied natural gas tanker supply, though concerns remain about ...
Leaders of European Union countries will debate whether and how to cap gas prices on Friday, after member states increased the pressure on Brussels to limit fuel costs. European Commission ...
Between December 15 and December 23 natural gas prices fell €49 to €85 due to a combination of high LNG imports, high levels of storage and lower demand in Europe. [citation needed] At 28 December, the EU storage capacity was at 83.2% and the price of January delivery gas had fallen to €76.18pmh. [28]
The national average for regular driving fuel now sits at $3.20 per gallon, according to AAA data. The last time gas prices were this low in 2023 was on Jan. 1, at $3.21.
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.
Natural gas prices in Europe reached their highest point in September 2022 at a multiple of roughly 25 compared to two years prior. While gas prices are currently falling quickly on the spot market, the cost to distribute gas in the coming year will still be close to €150 per MWh, or a multiple of about seven. [93] [95] [96]
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The 2020s commodities boom refers to the rise of many commodity prices in the early 2020s following the COVID-19 pandemic.The COVID-19 recession initially made commodity prices drop, but lockdowns, supply chain bottlenecks, and dovish monetary policy limited supply and created excess demand causing a commodity super cycle rise.