GAS PRICES SURGE IN EUROPE, US.. INCREASES EXCEED 22% AMID MARKET CONFUSION

Tina Collins

31 Dec 2024 — 1 min read

GAS PRICES SURGE IN EUROPE, US.. INCREASES EXCEED 22% AMID MARKET CONFUSION

Natural gas prices in the U.S. and Europe have increased significantly.

The rise is due to cold weather forecasts and low gas storage levels.

In the U.S., natural gas prices are expected to keep rising because of freezing weather in early January.

Cold weather in both the eastern and western U.S. is expected to last for 15 days.

Gas prices in the Northeast U.S. might reach $17 per million British thermal units (mmBtu).

Higher prices may lead some consumers to switch to diesel fuel for energy.

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