The price of gas in the United Kingdom was *** British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to *** pence in the second quarter of 2025 before gradually falling to just under ** pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's cost of living crisis in 2022, approximately ** percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of **** percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching **** percent, and food prices increasing by **** percent at the height of the crisis. Although prices fell to more expected levels by 2024, an uptick in inflation is forecast for 2025, with prices rising by *** percent in the third quarter of the year. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

UK Gas rose to 78.56 GBp/thm on September 1, 2025, up 0.94% from the previous day. Over the past month, UK Gas's price has fallen 7.13%, and is down 15.30% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on September of 2025.

Wholesale price for natural gas in the United Kingdom is projected to rise from 47 to 64 British pence per therm between 2020 and 2035, respectively. Figures are expected to remain at 64 British pence per therm in 2040.

Natural gas fell to 2.97 USD/MMBtu on September 1, 2025, down 0.76% from the previous day. Over the past month, Natural gas's price has risen 1.44%, and is up 36.86% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on September of 2025.

Gasoline rose to 2 USD/Gal on September 2, 2025, up 0.50% from the previous day. Over the past month, Gasoline's price has fallen 4.59%, but it is still 1.21% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on September of 2025.

TTF Gas rose to 32.35 EUR/MWh on September 1, 2025, up 2.31% from the previous day. Over the past month, TTF Gas's price has fallen 5.64%, and is down 16.08% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on September of 2025.

In 2024, the price of natural gas in Europe reached 11 constant U.S. dollars per million British thermal units, compared with 2.2 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe. What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached over 22 percent. How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 36 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

Russia Wholesale Price: Natural Gas: Industry data was reported at 3,506.000 RUB/1000 Cub m in 2013. This records an increase from the previous number of 3,049.000 RUB/1000 Cub m for 2012. Russia Wholesale Price: Natural Gas: Industry data is updated yearly, averaging 2,665.000 RUB/1000 Cub m from Dec 2008 (Median) to 2013, with 6 observations. The data reached an all-time high of 3,506.000 RUB/1000 Cub m in 2013 and a record low of 1,690.000 RUB/1000 Cub m in 2008. Russia Wholesale Price: Natural Gas: Industry data remains active status in CEIC and is reported by Federal Tariff Service (FTS of Russia). The data is categorized under Russia Premium Database’s Prices – Table RU.PE001: Wholesale Price: Natural Gas: Annual.

Graph and download economic data for US Regular All Formulations Gas Price (GASREGW) from 1990-08-20 to 2025-08-25 about gas, commodities, and USA.

Wholesale electricity prices in the United Kingdom hit a record-high in 2022, reaching **** British pence per kilowatt-hour that year. Projections indicate that prices are bound to decrease steadily in the next few years, falling under **** pence per kilowatt-hour by 2030.

The size of the USA Oil and Gas Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.00% during the forecast period. The oil and gas market refers to the global industry involved in the exploration, extraction, refining, transportation, and sale of petroleum and natural gas products. This sector plays a crucial role in powering the global economy, providing the primary source of energy for industries, transportation, heating, and electricity generation. The market is divided into three main segments: upstream, midstream, and downstream. Upstream involves exploration and production, where companies search for oil and gas reserves and extract them. Midstream covers the transportation, storage, and wholesale marketing of crude or refined petroleum products, often involving pipelines, shipping, and storage facilities. Downstream includes refining crude oil, processing raw natural gas, and marketing the end products like gasoline, diesel, jet fuel, lubricants, and petrochemicals used in plastics and other materials. Recent developments include: March 2022: The United States' President Joe Biden agreed to a landmark energy supply deal with the European Union. Under this deal, the United States was expected to increase transatlantic gas deliveries. This deal is important to reduce dependence on Russia after the Russia-Ukraine War., January 2022: The Department of Energy announced the release of 13.4 million barrels of oil from the Strategic Petroleum Reserve. The release of the emergency oil reserves aimed to combat rising gasoline prices in the United States and the lack of oil supply worldwide.. Key drivers for this market are: 4., Modernization and Upgrades of Existing Military Aircraft Fleets4.; Increasing Defense Budgets. Potential restraints include: 4., Shift Toward Unmanned Aircraft. Notable trends are: Upstream Sector Expected Witness Significant Growth.

Russia Wholesale Price: Natural Gas: Population data was reported at 2,793.000 RUB/1000 Cub m in 2013. This records an increase from the previous number of 2,429.000 RUB/1000 Cub m for 2012. Russia Wholesale Price: Natural Gas: Population data is updated yearly, averaging 2,053.500 RUB/1000 Cub m from Dec 2008 (Median) to 2013, with 6 observations. The data reached an all-time high of 2,793.000 RUB/1000 Cub m in 2013 and a record low of 1,291.000 RUB/1000 Cub m in 2008. Russia Wholesale Price: Natural Gas: Population data remains active status in CEIC and is reported by Federal Tariff Service (FTS of Russia). The data is categorized under Russia Premium Database’s Prices – Table RU.PE001: Wholesale Price: Natural Gas: Annual.

British gas price is expected to continuously increase until 2035, when prices are forecasted to stabilize. In 2035, low, central and high are expected to reach 43, 64 and 88 British pence per therm, respectively.

The high, central and low projections are used by Her Majesty's Government for policy appraisal and modeling work. Gas prices are influenced by a number of external factors, including new projects in places such as Australia, weather conditions affecting demand, and the price of oil relative to gas.

The industry comprises eight Gas Distribution Networks (GDNs) across Great Britain, owned by four companies operating regional monopolies. Gas distributors are heavily regulated through price control frameworks set by Ofgem in the UK and NIAUR in Northern Ireland to protect consumers. Over the five years through 2025-26, gas distributors' revenue is forecast to decline at a compound annual rate of 0.8% to £5.2 billion. A downward trend in natural gas consumption has weighed on allowed revenue in recent years, though the impact of changing consumption trends has been mitigated by constant investment in GDNs to improve efficiency, which has been reflected by price controls. Soaring wholesale gas prices spurred an increase in shrinkage costs in 2021-22, leading to a cut to operating profitability. Price control adjustments allowed gas distributors to recover these cost increases, spurring a jump in revenue and profitability in 2022-23. These costs continued to be recovered in 2023-24, though declining consumption spurred a dip in capacity income, weighing on revenue allowances during the year. Revenue allowances continued to fall in 2024-25, reflecting a reduction in shrinking costs and adjustments made based on Supplier of Last Resort (SoLR) costs. Revenue is set to record renewed growth of 1.6% in 2025-26, supported by revenue true-ups to ensure that deferred revenue from previous periods is settled before moving on to the next price control period. Looking forward, the rising efficiency of GDNs, the rollout of smart meters and the decarbonisation of the energy system will influence gas distributors' revenue. Over the five years through 2030-31, revenue is forecast to climb at a compound annual rate of 1.2% to reach £5.6 billion. Major investment required to decarbonise GDNs, such as innovations to help displace natural gas with biomethane, will necessitate a boost in revenue allowances. Although specific details are yet to be released, Ofgem’s Sector Specific Methodology Decision (SSMD) indicates a potential increase in the allowed cost of equity for RIIO-GD3, boosting revenue and operating profit. Shrinkage costs are expected to decline as gas leak detection systems continue to improve. This is set to ease pressure on operating profit in the coming years.

Brazil BR: Wholesale Fuel Price: Compressed Natural Gas: Maximum data was reported at 2.660 BRL/Cub m in Aug 2020. This records a decrease from the previous number of 2.949 BRL/Cub m for Jul 2020. Brazil BR: Wholesale Fuel Price: Compressed Natural Gas: Maximum data is updated monthly, averaging 2.042 BRL/Cub m from Jul 2001 (Median) to Aug 2020, with 230 observations. The data reached an all-time high of 4.219 BRL/Cub m in Jan 2020 and a record low of 0.651 BRL/Cub m in Sep 2001. Brazil BR: Wholesale Fuel Price: Compressed Natural Gas: Maximum data remains active status in CEIC and is reported by National Petroleum, Natural Gas and Biofuels Agency. The data is categorized under Global Database’s Brazil – Table BR.PF009: Distributor Fuel Price: Brazil: Monthly (Discontinued). Note:The Survey of Price and Margin Fuels Marketing covers gasoline, hydrated ethanol fuel, diesel oil without additive, compressed natural gas (CNG) and liquefied petroleum gas (LPG) which have been surveyed in 555 locations, about 10% municipalities in Brazil, in accordance with procedures established by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels.The results of the Survey of Price and Margin Fuels Marketing contain selling price to the final consumer and purchasing price from the wholesaler of gasoline, hydrated ethanol fuel, diesel oil without additive, CNG and LPG observed in each municipality which has participated in the survey.

The Gas Utilities industry comprises all stages required to deliver gas to end users in France, including generation, transmission, distribution and supply. France is almost entirely dependent on imports for its natural gas supply, cutting gas generation and transmission out of the supply chain. This means the industry is dominated by gas supply, though distribution also plays a key role in transporting gas from import terminals to end users. De-industrialisation has spurred a long-term decline in gas consumption in France, with decarbonisation efforts accelerating this downward trend in recent years. Despite falling consumption, revenue is forecast to expand at a compound annual rate of 12.3% over the five years through 2025, reaching €46 billion. Gas suppliers have been hit by volatility in global energy markets in recent years. Declining gas consumption and falling wholesale market prices spurred a slump in revenue during the pandemic, with a higher number of defaults on customer bills spurring also eating into profitability. Revenue bounced back in 2021 as geopolitical tensions spurred rapid growth in wholesale prices, leading to widespread tariff increases. Following Russia’s invasion of Ukraine, a renewed surge in natural gas prices necessitated government intervention through the introduction of a tariff shield. While this limited revenue growth and constrained profitability in household and small business gas supply markets in 2022, the absence of a price cap for large energy users contributed to strong revenue growth. Although natural gas prices dropped by more than two-thirds in 2023, revenue remained well above 2021 levels, as ongoing uncertainty and the abolishment of regulated prices made companies reluctant to cut tariffs significantly. Natural gas prices continued to come down in 2024 and are showing signs of stabilising in 2025. However, this is yet to translate into widespread tariff reductions, owing to ongoing volatility in global commodity markets and a recent hike in GRDF’s distribution tariff. Still, revenue is forecast to decline by 8.4% in 2025.Over the five years through 2030, revenue is slated to fall at a compound annual rate of 0.2% to €45.6 billion. Intensified competition following the de-regulation of prices should limit the scope for significant tariff increases as natural gas prices continue to stabilise. In line with climate goals, gas consumption is set to drop 20% by 2030, weighing on growth prospects. The integration of renewable gases is set to continue to inflate distribution charges, while presenting opportunities for gas suppliers to target eco-conscious households and businesses.

Gas suppliers are responsible for delivering gas to households and businesses. Since being opened to competition in 2007, a number of new suppliers have entered Ireland gas retail market. The industry was fully deregulated for all customers in 2014, with the Commission for Regulation of Utilities directing efforts towards promoting competition in the market since then. Growing use of price comparison websites and increased switching rates have chipped away at the dominance of Ireland's energy giants, though the market remains highly concentrated with a handful of suppliers accounting for the majority of customers. Revenue is forecast to climb at a compound annual rate of 10% over the five years through 2024 to reach €1.8 billion. Reductions in wholesale prices led to a revenue contraction in 2019. This was followed by further tariff reductions in 2020, as the pandemic led to reduced demand for gas, both in Ireland and globally. Wholesale prices soared in the following year, as the easing of pandemic-related restrictions led to excess demand for natural gas. Russia's invasion of Ukraine spurred a renewed surge in wholesale prices in 2022, leading to a further wave of tariff increases among suppliers. Despite supporting massive revenue growth, extraordinary volatility meant that tariff increases were rarely sufficient in covering the full extent of wholesale price increases, leading to widespread losses. Tariffs remained high for most of 2023, fuelling further revenue growth, though falling wholesale prices spurred a return to profitability. Tumbling wholesale prices have spurred widespread tariff reductions since late-2023, contributing to an anticipated 15.4% drop in revenue in the current year. Over the next five years, industry revenue is forecast to dip at a compound annual rate of 1.2% to €1.7 billion in 2029. Despite remaining elevated in the short-term, wholesale gas prices should stabilise in the mid-part of the period, spurring tariff reductions among industry operators. As households and businesses seek to become more energy efficient, per capita demand for gas is likely to ease, with major gas consumers becoming increasingly important. Efforts to increase the share of heating sourced from renewables also presents a threat to gas suppliers.

The average gas price in Great Britain in June 2025 was 86.28 British pence per therm. This was four pence higher than the same month the year prior and follows a trend of increasing gas prices. Energy prices in the UK Energy prices in the UK have been exceptionally volatile throughout the 2020s. Multiple factors, such as a lack of gas storage availability and the large share of gas in heating, have exacerbated the supply issue in the UK that followed the Russia-Ukraine war. This has also led to many smaller suppliers announcing bankruptcy, while an upped price cap threatened the energy security of numerous households. The United Kingdom has some of the highest household electricity prices worldwide. How is gas used in the UK? According to a 2023 survey conducted by the UK Department for Energy Security and Net Zero, 58 percent of respondents used gas as a heating method during the winter months. On average, household expenditure on energy from gas in the UK stood at some 24.9 billion British pounds in 2023, double the amount spent just two years prior.