Reported 3 days ago
European gas prices have surged by approximately 45% this year, exacerbating the cost-of-living crisis as Russian gas flows are set to halt on January 1. The resulting high energy costs are expected to impact households and industries significantly, with predictions of an additional €40 to €50 billion in gas expenses annually. Although Europe has diversified its energy sources, the market remains tight, creating increased pressure on economic performance and inflation, especially in countries like Germany.
Source: YAHOO