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The Latest Breaking News from Gas Prices

Yes, the government’s price cap is overly generous to gas producers. But it was necessary

To tackle the energy crisis about to send our bills skywards, the Albanese government last week capped gas prices temporarily in the east coast market,

The New Daily

Yes, the government's price cap is overly generous to gas producers. But it was necessary

To tackle the energy crisis about to send our bills skywards, the Albanese government last week capped gas prices temporarily in the east coast market, proposing a figure of A$12 per gigajoule. A gigajoule of gas has the same energy as about 26 litres of petrol.

The Conversation

Gas prices up sixfold in six weeks as cold snap tightens grip on London and the UK

The Energy Price Guarantee caps the typical annual household energy bill at £2,500 and is going to cost taxpayers more

Evening Standard

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Albanese government’s energy bill passes Senate as Dutton warns price caps will be ‘catastrophic’ for economy

Prime minister says opposition’s stance was a vote for high power prices after package capping gas prices and funding consumer rebates is legislated

The Guardian - AU

Government imposes one-year price cap on gas, but Australians still face hundreds in energy bill rises

An extraordinary move to temporarily cap gas prices will slow runaway electricity costs, but Australians should still expect to see their bills increase next year.

ABC News

What is inflation and what is its current rate in the UK and Europe?

UK inflation hit a 41-year high in October as gas prices soar

The Independent UK

Plan to cap gas and coal prices wins enough support to pass parliament

The federal Greens are lending their support to a plan to cap coal and gas prices and provide energy bill relief in return for a funding package to help households and businesses get off gas faster.

ABC News

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When will global gas prices go down to pre-Ukraine war levels?

Energy analysts explain why much of the world can expect high prices for at least the next two years.

Al Jazeera

EU delays decision on natural gas price cap, countries still at odds

European Union energy ministers meeting in Brussels on Tuesday failed to strike a final deal on a bloc-wide cap on natural gas prices, after months of debate between countries over whether the measure can ease Europe's energy crisis.

Reuters

Brickbat: Flatlining

The German government is denying reports that it plans to ban energy price increases next year. Rather, it says it plans to require energy companies to prove that any increases in electricity or natural gas prices are necessary before it will allow them. Companies would have to prove that they…

Reason

'Tough road ahead' warning despite economy 'bounce back' in latest figures

'Aftershocks of Covid-19, Putin’s war and high global gas prices' will all continue to impace, it was warned

Wales Online

Gas boss fears plan will kill investment

Industry chief Samantha McCulloch says the federal government's plan to cap gas prices will "unravel" Australia's open market economy.

AAP

Lessons Learned From 10,000 Electric Cars And 100 Million Miles

We evaluated 10,000 electric cars covering some 100 million miles and the findings are indeed very eye-opening.

InsideEVs

Greens to oppose price cap compo plans

The Greens will have the balance of power in the Senate as parliament is recalled to pass the federal government's energy bill relief measures.

AAP

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The Independent UK

Gas prices fall again in NJ, nation as demand remains low

Gas prices have again dropped sharply in New Jersey and around the country as demand remains slow and supplies continue to increase

Los Angeles Times

Editorial: Big Oil shouldn’t be able to fleece Californians while polluting the planet

Gov. Gavin Newsom’s proposal to penalize excessive oil refinery profits is a relatively straightforward effort to prevent price gouging that reached new heights this year as gas prices in the state spiked to more than $6.40 a gallon. While Californians paid $2.60 a gallon more than the average American motorist…

Kiplinger

How to Find the Best Energy Stocks

Energy stocks can expose investors to volatile oil and gas prices. Here's how to find the best energy stocks to buy now.

The New Daily

Cap on coal and gas prices key to Anthony Albanese’s plan to reduce electricity bills

Federal, state and territory governments will provide up to $3 billion in electricity bill relief to households and small businesses.

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Evening Standard

Gas prices treble in a month as Brits put the heating back on to battle winter freeze

Wholesale gas prices have risen significantly this month as Brits reach for the thermostat to battle the cold winter weather.

ABC News

Coal and gas prices to be capped as national cabinet strikes deal

The government expects its energy market intervention will spare the average household from $230 in otherwise expected price hikes next year, as national cabinet agrees to impose price caps on gas and coal.

StockNews.com

3 Stocks That Stand to Benefit from the Ongoing Energy Crisis

Despite the recent retreat in oil and gas prices from their peaks, a surge in demand due to the onset of a chilly winter in the U.S. and Europe and the reopening of China’s economy could boost oil and gas prices significantly. Therefore, we think it could be wise to…

ABC News

Anthony Albanese urges national cabinet to endorse unprecedented intervention to cap coal and gas prices

As the year's end draws near, the prime minister convenes national cabinet, asking it to impose a price cap on coal and gas, fearing worse price spikes in 2023.

The Independent UK

California lawmakers to meet, eye big oil's high gas prices

California lawmakers are preparing to return to work for a special session on gas prices

The Guardian - AU

Exploitative gas pricing is causing debt and distress for many Australian households

It is not fair for people to be paying such wildly varied prices for the same level of gas consumption – equity must be central to any market intervention

Los Angeles Times

High gas prices prompt California lawmakers to consider penalties on oil profits

SACRAMENTO, Calif. — A new class of California lawmakers will be sworn in Monday and thrust into the middle of Gov. Gavin Newsom's political fight with oil companies, testing the clout of an industry that spends heavily to influence the Legislature and potentially affecting gas prices for Californians.

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