Gas

US gas prices plunge toward $3 a gallon as global demand plummets

US gas prices plunge toward $3 a gallon as global demand plummets

Comment this story Comment Gasoline prices are dropping so fast it’s starting to put real money back in motorists’ pockets, defying past projections and delivering an unexpected holiday treat. Refueling is now as cheap as it was in February, just before Russia’s invasion of Ukraine sparked a global energy crisis. AAA reported the national average …

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oil

The problem of oil and gas price caps | OilPrice.com

This week, two documents were published by two ministries: the European Commission in Brussels and the Treasury Department in Washington. The Commission document was a proposal for “a new instrument” to limit excessive gas prices in Europe. That of the Treasury document were guidance on the implementation of a price cap policy for crude oil …

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EUR/USD goes dry above 1.0400 in calm market, Eurozone gas price structure watched

EUR/USD goes dry above 1.0400 in calm market, Eurozone gas price structure watched

EUR/USD moved sideways above 1.0400 on less trading activity during Thanksgiving Day. The Federal Reserve is expected to drop the 75 basis point rate hike measure to shield the economy from financial risks. The European Central Bank is required to tighten policy further to slow inflationary pressures. EUR/USD should remain bullish as the risk appetite …

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Traders

Gas price caps could cause irreversible damage to energy markets | OilPrice.com

Earlier this week, the European Commission published a statement declaring what he called a “safety cap” for gas prices set at 275 euros, or $283, per megawatt hour. Hailed as the long-awaited gas price cap that EU members have been discussing for weeks now, the cap’s objective, according to the Commission, will be used as …

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Qatar LNG

The European gas market will remain tight until at least 2024 | OilPrice.com

Large volumes of new LNG supplies are coming to market this decade, but none of the huge export capacities currently under construction will arrive in time to ease Europe’s tight gas market, either in 2023 or 2024. The United States and Qatar, the world’s main LNG exporters, will have plenty of new capacity after 2025, …

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New England 'imports European prices' in looming gas supply crisis

New England ‘imports European prices’ in looming gas supply crisis

A European-style winter energy crisis is looming over New England in the northeastern United States, even as US producers of natural gas export record volumes and a wave of fuels crosses the Atlantic. Utility bosses in the region have called for emergency help from Washington in anticipation of a crisis, while lashing out at a …

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Americans have been warned to prepare for the highest Thanksgiving gas prices EVER as millions hit the road

Americans have been warned to prepare for the highest Thanksgiving gas prices EVER as millions hit the road

Americans could face the highest gas prices ever for the Thanksgiving holiday season, as millions prepare to hit the road amid still-high prices and inflation. The national average price of a gallon of gasoline is expected to hit $3.68 next Thursday, November 24, as Americans gear up for the holiday. That number is 30 cents …

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