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In the U.S., utility gas prices in September were 70% higher than in recent years. Europeans, who already pay much higher for natural gas, saw bills rise sharply by 50% — for example, in Estonia.
This industry group actually knows what causes gas prices to go up because it knows what goes into gas prices and has studied trends in the industry for 90 years. There are four major contributors ...
Even a 1-cent rise in the cost of a gallon of gas can make a big difference, Bloomberg reported Wednesday, taking away roughly $1.15 billion in annualized spending power. In other words, higher ...
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]
Gas flares were common sights in oilfields and at refineries. U.S. natural gas prices were relatively stable at around (2006 US) $30/Mcm in both the 1930s and the 1960s. Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared.
Oil's year-to-date move to the upside has exacerbated upward pressure on prices in recent months. Over a one-month period, US crude rose from $78 to $85 per barrel, accounting for an increase of ...
In past years, when experts were projecting gas shortages in North America, utility companies built liquified natural gas (LNG) import terminals along the coast. Net imports of LNG peaked in 2007, but have since decreased. In 2014, the US imported 59 BCF of LNG gas, and exported 16 BCF, so that net LNG imports amounted to 43 BCF.
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