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Natural gas prices are down nearly 40% year to date amid a glut in supply and a milder-than-expected winter. But analysts see an upside for the commodity going into the end of the year — in part ...
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 ...
The weather is expected to remain warmer than normal for the next 2-weeks
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]
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
Trump has criticized Harris and Biden over gas prices. But gas prices are falling, challenging his narrative. Prices are now averaging around $3.30 a gallon nationally, AAA reported.
In 2016 natural gas was used to provide 35% of all energy in Canada, double the amount supplied by electricity. [18] Electricity generated by natural gas was 8.5% of the nation's total. Natural gas is used to supply 50% of space heating, and 65% of water heating in homes, similarly 80% of businesses use natural gas for space and water heating. [19]
According to data from AAA, the average price for a regular gallon of gas fell 12 cents to $4.72 on July 8 versus the prices paid on July 1. However, not every state is seeing big price drops.