Millions of households in europe could be facing high gas bills this winter as the price of natural gas skyrockets across the.

A few years ago a shortage of natural gas drive prices sky high. $5/gallon is hitting all of us where it hurts. Web a few year ago a shortage of natural gas drove prices sky high. Likewise, gasoline process rose when demands exceeded supplies.

Prices have doubled this year. It has been selling on international markets for the equivalent of $250 per barrel of oil. Web for the coming winter heating season, prices could rise significantly higher because of the rapidly rising price of natural gas, assuming an average winter and.

Web why natural gas prices are soaring. Web and we are only a few days into autumn — temperatures are still mild.” the dynamics are reverberating globally. A glut in the oil market drove prices bank down.

And record highs in europe and asia with cold winter weather yet. “higher global prices are trickling. Web natural gas and power prices in europe and asia are at record highs, while u.s.

Web gas prices hit record high as industry calls for emergency help. Web wholesale gas prices have surged by 250% since the beginning of the year, including a 70% rise since august. Web natural gas prices have doubled since last year, sitting at $5.77 per btu in the united states.

Web third, in their desperation to reduce their dependence on piped russian gas, european countries have been pushing the international price of liquefied natural gas. A 100% growth is nothing to sneeze at, but in some parts of europe,. In the united states, natural gas prices have risen.