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The Latest Breaking News from Gas Prices

John Fetterman Proposes Prosecuting Oil Executives for High Gas Prices

Ignoring the principles of supply and demand, Fetterman thinks high gas prices should be a matter for law enforcement.

Reason

UK inflation set to ‘enter the stratosphere’ and hit 18.6% by January as gas prices continue to surge

Dire new forecast says energy bills will reach £5,816 in April

The Independent UK

Collapse of supplier Bulb could add more than £150 to energy bills

Cost of bailing out UK company threatens to top £4bn by next spring because of soaring gas prices

The Guardian - UK

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White House is hopeful gas prices will keep falling

The White House is optimistic that gas prices will keep falling, a top administration official said Sunday.

Tribune News Service

Octopus Energy CEO warns worst rises yet to come as firm slashes bills in HALF for some

Greg Jackson warned of a "fossil fuel crisis" in an email to Octopus Energy customers, saying global gas prices are around eight times higher due to Vladimir Putin's invasion of Ukraine

Daily Mirror

Australia's energy crisis makes winners out of fossil fuel exporters and losers of everyone else, expert says

Record high energy prices are proving to be no picnic for the country's biggest power providers. So who is 'making out like a bandit'?

ABC News

Russia-owned energy firm Gazprom to shut gas pipeline to Europe for three days

The firm said the closure of the pipeline was being carried out for "routine maintenance". It comes at a time when gas prices across Europe are surging.

Wales Online

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Gas prices near peak hit after invasion of Ukraine ahead of new cap

Higher bills loom in the cost-of-living crisis even before autumn and winter arrive

Evening Standard

British Gas customer appalled as firm predicts he will use over £5,000 of energy

Gas prices spiked again on Monday and a leading consultancy has warned many could be looking at an annual energy bill of almost £5,500 from April in the grimmest warning of things to come yet

Daily Mirror

Our politicians are ducking the hard truths of this energy crisis

Whatever you think of the various proposals to deal with the energy crisis, one fact stands out beyond all others. As a nation, we are worse off. Natural gas prices are eight times higher than they were at the beginning of 2021. Much of the increase occurred before Vladimir Putin…

Evening Standard

Energy bills to hit £5,500 next April, new dire prediction made

Gas prices spiked again on Monday

Wales Online

Why are gas prices still high despite oil getting cheaper – and what will happen next? Energy expert Q&A

While thermometers have been well into the red across the northern hemisphere, people are panicking about the cost of energy bills once winter starts to bite. According to the latest forecasts in the UK, the minimum price cap for households’ electricity and heating costs is set to more than double…

The Conversation

Norway hits export record amid soaring gas prices

Norway’s exports have reached a record in July that is driven mainly by higher natural gas prices

The Independent UK

Beach Energy cashed up for gas expansion

Oil and gas company Beach Energy has posted increased earnings and cashflow on rising gas prices and high demand as it prepares to enter the global LNG market.

AAP

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The Independent UK

Explainer: Why gas prices are falling

Gas prices hit record highs just two months ago, but now they're sinking below $4 a gallon

Ballotpedia

Missouri’s average gas price falls to $3.62

As of August 10, Missouri’s average gas price according to AAA was $3.62 for regular gas, which was below the national average of $4.01. Gas prices fell from the previous week’s average of $3.79 and were below the July average of $4.41. On August 10, 2021, the state’s average price…

WEKU

Gas prices drop below $4 a gallon. These factors will determine what happens next

The national average price of gasoline has fallen below $4 a gallon. These are four key factors that could determine what happens next with prices at the pump.

The Hindu

Oil Ministry to divert gas from industries after CNG, piped gas prices jump 70% in a year

Use of domestic gas instead of imported fuel will bring down the cost of raw material and ease CNG and PNG rates, officials said.

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Axios

Gas prices drop under $4 a gallon

Retail gas prices have fallen almost everywhere, with the Midwest and South seeing some of the steepest drops.

ABC News

Gas users and experts call for federal crackdown on east coast 'gas cartel'

Surging gas prices are putting a strain on Australian businesses that are calling for governments to step in and take action.

Reason

Tumbling Gas Prices Caused Inflation To Fall to 8.5 Percent in July

Prices for food and housing continued to rise but were offset by lower gas and energy prices.

The Guardian - US

Is inflation finally on the decline in the US? It’s complicated

Economists say inflation possibly hit its peak, and there are signs the pressures behind it are easing – but it’s hard to say what’s next

Los Angeles Times

Inflation slows a bit in July. Has it finally peaked?

WASHINGTON — After months of steadily climbing to a 40-year high, the pace of inflation slowed notably in July as gas prices fell sharply and Americans got some relief on the cost of clothing, cars and other necessities.

The Guardian - US

US inflation falls to 8.5% in July but still close to multi-decade high

Gas prices drop sharply after a hitting a national average of $5 a gallon in mid-June

WEKU

Inflation is cooling thanks to gas prices, but many things still cost a lot more

Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.

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