MARKETS

US gas prices rise on cold weather and supply fears 

OVERNIGHT US gas prices rose around 18% - jumping to US$4.8 per million British thermal units - the highest spike in around four years as the weather suddenly changed across the US, spooking the market as reserves remain low. 

Highest US gas price spike in four years

Highest US gas price spike in four years

In January this year prices briefly rose to a similar high, however gas has generally held at around $3 per MMBtu for more than four years. Gas prices were expected to remain around the $3 mark with warmer...

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