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January gas supplied by Russia to Europe was 1.7b m3 compared with 13b m3 average per month for the 2021 year. [32] The price of natural gas in Europe fell to an 18-month low in mid February of €49pmh with gas storage across the European Union at 65% capacity, well above the average of 45% at this time of year. [33]
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]
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
The front-month wholesale Dutch gas price, the European benchmark, rose more than 16% to a record high of 171.40 euros ($193.46) per megawatt hour on Tuesday, and the equivalent British gas ...
The European Union as a whole also met a target for refilling gas storage sites to 80% by November 1st ahead of time.Storage facilities are currently 93% full, compared with 77% this time last ...
Europe's economic crisis deepened Monday as Russia further squeezed energy supplies to the continent, with German electricity prices soaring 23%. European natural gas prices surge 36% after Russia ...
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Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared.
European benchmark gas futures jumped as much as 5.7% Friday to €56 ($59) per megawatt hour, before falling back slightly later in the day. Prices have risen 44% since Friday last week.