High Gas Prices Spell Tough Start to 2025 for European Consumers

(Bloomberg) — European gas prices are up about 45% this year, adding to the burden on households and industry as they strive to recover from the worst cost-of-living crisis in decades. There’s likely to be more to come with Russian gas flows due to cease on Jan. 1.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Futures contracts for next year are already carrying a premium, a strong signal that prices are poised to remain higher for longer, which ultimately tRead More