Yes, in December 2024, natural gas prices in Europe were about four times higher than in the United States.
This is due to a number of factors, including Europe's reliance on imported fossil fuels and the United States' status as a major natural gas producer.
Explanation Supply and demand The price of natural gas is affected by supply and demand. When supply is low, prices increase. Energy mix The energy mix in a region affects prices. For example, how much a region relies on natural gas versus renewable energy sources.
Production The amount of natural gas produced in a region affects prices. The United States is a major natural gas producer, while Europe is more reliant on imported fossil fuels.
Geopolitics Geopolitical events, such as Russia's invasion of Ukraine, can impact energy prices.
All because we won't stop supporting Ukraine????
I have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
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