#energy-prices

#energy-prices

"We are much more worried about European gas prices than we are about oil prices."

As NJ Transit gears up for a potential strike by train engineers, urgent negotiations are expected to unfold this week to avert disruptions in service.

According to MoneySavingExpert founder Martin Lewis, the "Trump effect" is helping to drive down wholesale energy prices, which means a small drop in domestic bills is likely this summer.

The annual update to the UK's inflation basket is more than just a statistical exercise, as it provides a snapshot of how consumers are adapting to an economy that has left many feeling exposed.

Despite a decline in U.S. crude inventories to the lowest levels since March 2022, crude oil futures remain under pressure from geopolitical factors and demand concerns.

The rising concerns about energy bills remain high, with 88% of people as worried, or even more, than last year due to the impending cold weather.

Europe's gas market surged 5% to a year-high after OMV's court win over Gazprom raised fears of potential gas supply disruptions this winter.

From October 1 to December 31, energy prices for an average household will experience a significant rise, impacting monthly budgets just as winter settles in.

As we approach autumn, energy bills are expected to soar due to dropping temperatures, raising the concern of customers feeling overcharged for their usage.