Chill of inflation threatens Britain again after Europe’s long, hard winter
www.theguardian.com
Demand for fuel has pushed gas prices up – but peace in Ukraine could flood the market and change everything

Demand for fuel has pushed gas prices up – but peace in Ukraine could flood the market and change everything

  • Eheran@lemmy.worldEnglish
    2·
    6 days ago

    What are we taking about? There was no long, hard winter. Very simple.

    Gas import has seemingly little to do with temperature and probably much more with politics and price. Your new graph shows exactly the same, highest imports in summer. No correlation with temperature.

    • ikt@aussie.zoneEnglish
      1·
      6 days ago

      https://www.ft.com/content/0d474498-4d9b-4c1b-8502-71248c720c04

      European gas prices hit a two-year high on Monday as colder weather boosted demand, accelerating withdrawals from the region’s fast-depleting storage facilities.

      I think the ‘long, hard’ is an exaggeration (my wife agrees) but afaik cold weather is definitely correlated to higher gas prices

      Dec 30, 2024, 10:30 AM CST

      Northwest Europe is bracing itself for what is expected to be later this week the coldest snap so far this winter, hours ahead of the expiry of the deal for Russian gas transit via Ukraine to central Europe.

      Temperatures in the UK, France, and Germany are expected to plunge at the end of this week, which would raise gas demand for heating and electricity generation.

      This happens as Europe is burning through its natural gas in storage at the fastest pace in years.

      Temperatures in the big European capitals London, Berlin, and Paris are all expected to plummet below freezing and below the average for the past 30 years, according to weather forecasts cited by Bloomberg.

      https://oilprice.com/Latest-Energy-News/World-News/Europe-Faces-Coldest-Winter-Spell-As-Gas-Supply-Concerns-Mount.html