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The Latest Breaking News from Gas Prices

EU countries agree gas price cap to battle energy crisis

The 27-nation bloc has agreed to trigger a cap if gas prices exceed 180 euros per megawatt hour for three days.

Al Jazeera

EU Countries Agree Gas Price Cap to Contain Energy Crisis

European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is the 27-country EU's latest attempt to lower gas prices that have pushed citizens'…

Asharq Al-Awsat

Rishi Sunak scraps energy supply taskforce set up by Liz Truss

Government shelves plan to secure long-term contracts because ‘locking in while gas prices are this high doesn’t make sense’

The Guardian - UK

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Lower Gas Prices Mean More Winter Road Trips For Americans

A survey of 2,000 drivers looked at their winter driving plans. The post lower gas prices mean more winter trips for Americans.

Zenger

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

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

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Wales Online

'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

AAP

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.

InsideEVs

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.

AAP

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.

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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.

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…

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