Comment on Chill of inflation threatens Britain again after Europe’s long, hard winter.
Eyekaytee@aussie.zone 2 weeks agoft.com/…/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.