European Gas Prices Breach €90 for First Time Since 2022
Europe's gas benchmark has crossed €90 for the first time since the 2022 energy crisis, raising concerns about a cost-of-living squeeze this winter even as storage levels remain near normal.
What we know
Europe's gas benchmark exceeded €90 — a psychologically significant level not seen since the 2022 energy crisis that followed Russia's invasion of Ukraine. Saudi Arabia has called for international cooperation on energy and supply chain security. The FT published an opinion piece arguing against excessive worry, pointing to storage at normal levels relative to consumption, while Andrew Neil's commentary cited 'a cost-of-living crunch looming this winter, especially fuel bills.'
Sources
“Do not worry too much about European gas prices | opinion”
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