Natural Gas Prices Haven’t Been This Low Since Russia Went to War

Correct! - Record-breaking warm weather and efforts to use less gas are decreasing the demand for natural gas. And an increase in imports from Norway and buying imported liquefied natural gas is increasing the supply of natural gas.

Well Done! - When Russia cut supplies of natural gas to Europe, the market price of natural gas rose. To keep the price affordable, some European countries implemented a price ceiling on natural gas and legislated that the price must equal the price ceiling for a set period. At the time of implementation, the price ceiling was below the market price. Now the price has fallen below the price ceiling, and in normal times the price would fall to the market price. But in this market, a price below the price ceiling is illegal so consumers will not benefit until the price ceiling is removed.