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The Latest Breaking News from Gas Prices

7 Gas-Saving Tips That Actually Work

These are gas-saving tips that will actually work for you and your car this year.

Kiplinger

Wholesale electricity prices down almost 60% a year on from Australia’s short-lived energy crisis

Emissions from national electricity market also fell more than 6% in June quarter, Australian Energy Market Operator says

The Guardian - AU

Scorching U.S. Temps Lift Nat-Gas Prices

Aug Nymex natural gas (NGQ23 ) on Tuesday closed +0.045 (+1.68%). Nat-gas prices on Tuesday settled moderately higher as near-record high temperatures this week in the central and southwestern U.S will boost nat-gas demand from electricity providers to increase air-conditioning usage. Nat-gas prices Tuesday also had carryover support from a...

Barchart

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Nat-Gas Prices Weighed Down by Ample U.S. Supplies

Aug Nymex natural gas (NGQ23 ) on Friday closed -0.044 (-1.60%). Nat-gas prices Friday gave up early gains and posted moderate losses on ample U.S. gas supplies, with U.S. nat-gas inventories more than +13% above their 5-year seasonal average. Nat gas prices retreated Friday despite record-high temperatures in the western...

Barchart

Giant windfarm off Norfolk coast halted due to spiralling costs

Swedish energy giant Vattenfall says costs have climbed 40% due to rise in global gas prices

The Guardian - UK

Nat-Gas Prices Surge on Near-Record Heat in the Southwest

Aug Nymex natural gas (NGQ23 ) on Tuesday closed +0.117 (+4.66%). Nat-gas prices Tuesday closed sharply higher. The outlook for hot weather to boost nat-gas demand from electricity providers to power increased air-conditioning usage pushed gas prices sharply higher Tuesday. Forecaster Maxar Technologies said near-record temperatures are expected for the...

Barchart

Nat-Gas Prices Under Pressure from Ample Supplies and Mixed Weather Forecast

Aug Nymex natural gas (NGQ23) on Monday closed -0.027 (-1.06%). Nat-gas prices Monday fell for the fourth consecutive session and posted a 1-month low. Bearish factors included a mixed weather forecast and ample U.S. nat-gas supplies. Forecaster Atmospheric G2 said above-normal temperatures are expected for the southwestern U.S. this week,...

Barchart

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From airfares to used cars to groceries, slowing US inflation eases pressure on households

Over the past two months, inflation has slowed rapidly — from nearly 5% in April to just 3% in June.

Chicago Sun-Times

Decade of pain in store as experts predict energy prices will be high for TEN YEARS

Cornwall Insight believes that a combination of high gas prices and soaring demand for electricity will keep power costs above pre-2022 levels

Daily Mirror

Gas Taxes Increase July 4th Weekend in These States

Gas taxes are rising in several states as of July 1. Do you live in or plan to travel to one of them?

Kiplinger

An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years

An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs

The Independent UK

Home energy bills likely to remain high, says British Gas owner

Centrica CEO warns against complacency as gas prices remain more than double level seen before Ukraine invasion

The Guardian - UK

Nat-Gas Prices See Boost From Smaller-Than-Expected EIA Inventory Build

Aug Nymex natural gas (NGQ23 ) on Thursday closed up +0.033 (+1.24%), reversing some of the overall -7.7% sell-off seen on Tuesday and Wednesday. Nat-gas prices on Thursday saw a boost from the +76 bcf increase in weekly EIA inventories, which was a smaller build than market expectations of +82...

Barchart

Traveling this Fourth of July weekend? Here’s what to expect on the road, in the air

Though road trips are expected to be the preferred method of travel this holiday weekend with 2.5 million Illinoisans hitting the road, travelers are also catching flights, buses, trains and even cruises, AAA officials said.

Chicago Sun-Times

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Barchart

Nat-Gas Prices Fall Back on Forecasts for a Break in Texas Heat

July Nymex natural gas (NGN23 ) on Tuesday closed down -0.028 (-1.00%). Nat-gas prices on Tuesday ran into some long liquidation pressure after Monday's breakout to match a 3-1/4 month high. Also, nat-gas prices fell back a bit on forecasts that excessive heat in Texas and nearby regions will start...

Barchart

Nat-Gas Prices Rally on Hot Weather and Russia

July Nymex natural gas (NGN23 ) on Monday closed up +0.062 (+2.27%), extending last Friday's +4.64% rally and matching May's 3-1/4 month high. Hot weather continues to be the main bullish factor for nat-gas prices, with the scorching weather in Texas expected to continue into this week. Utilities in Texas...

Kiplinger

Seattle Weighs Another Washington Capital Gains Tax

A capital gains tax in Seattle could gain support. Meanwhile, gas prices in Washington state recently rose above California's gas prices.

StockNews.com

Why Are Investors Buying These 3 Energy Stocks?

The energy sector’s outlook looks bright as high oil demand primarily from China and constrained supplies as Saudi announced further output cuts could drive oil and gas prices higher this year. So, let’s find out why Energy Transfer (ET), Cheniere Energy (LNG), and Weatherford (WFRD) are attracting significant investors’ attention…

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Bangkok Post

Electricity bills poised to decrease

Electricity bills are expected to be slightly lower during the last four months of this year, with the power tariff decreasing by about 20 satang baht per kilowatt-hour (unit) in line with cheaper gas prices.

Barchart

Nat-Gas Prices Soar on a Smaller Build in EIA Inventories

July Nymex natural gas (NGN23 ) on Thursday closed up +0.191 (+8.16%). July nat-gas Thursday rallied sharply and posted a 3-week high. Nat-gas prices surged Thursday after weekly EIA nat-gas inventories rose only +84 bcf, well below expectations of +94 bcf. A hotter weather forecast that would boost air conditioning...

The Independent UK

LOCALIZE IT: Inflation is falling but remains high and still squeezing many Americans' finances

EDITORS/NEWS DIRECTORS:

Insider UK

UK Government to scrap windfall tax if oil and gas prices fall further

The current 75% tax on North Sea oil and gas profits could move back to 40% if prices reach certain levels

StockNews.com

Which Energy Stock Should You Invest In: Marathon Oil (MRO) or Cheniere Energy (LNG)

After a stellar performance in 2022, the energy sector is expected to maintain its growth momentum this year. Strong energy demand worldwide and massive oil production cuts could significantly lift oil and gas prices. Energy producers Marathon Oil (MRO) and Cheniere Energy (LNG) are poised to benefit from the sector’s…

Barchart

Natural Gas – Memories of June 2020

Three years ago, NYMEX natural gas futures traded to the lowest price of this century when the energy commodity reached a two-and-one-half-decade low. In August 2020, the price exploded to a fourteen-year high. In June 2023, nearby natural gas is approaching the 2020 low as last year’s explosive rally imploded.

StockNews.com

Marathon Oil Corporation (MRO) or Shell PLC ADR (SHEL): Which Stock Is a Buy?

Despite lingering macroeconomic headwinds, the energy sector is well-placed for significant growth this year. Sustained energy demand worldwide and constrained supplies are expected to boost oil and gas prices. Energy producers Marathon Oil (MRO) and Shell (SHEL) should benefit from the sector’s bright growth prospects. But which of these stocks…

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