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Gas price drops, just like gasoline price

For the first time in a long time, the gas price plunged below EUR 70 per megawatt hour on Friday. Panic about gas shortages caused an all-time high of more than €160/MWh at the beginning of October. Why are those prices falling again? And is that drop permanent?

Why the sudden drop in gas prices?

Gas prices have fallen sharply this week following statements by Vladimir Putin about increased gas exports to Europe. The Russian president gave gas supplier …

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