Milder weather is helping gas prices fall as people keep the heating turned down (Steve Parsons/PA)
(Picture: PA Wire)Wholesale gas prices fell today to levels not seen since the run-up to Russia’s invasion of Ukraine, stoking hopes for a softer impact from energy bills on hard-pressed households and stretched government finances.
Driven lower by relatively mild winter weather in the UK and Europe, the price of the commodity was down by over 4% to 178p a therm. It was last under 180p on January 21, before rising steadily during the military build-up and hitting 329p on February 24, when tanks crossed the border. It peaked at over 875p a therm in August, on fears of supply interruptions in Europe into autumn and winter.
