Europe’s Gas Price Is Now Equivalent To $410 Per Barrel Of Oil

Heatwaves this summer and expected natural gas shortages this winter are driving gas prices higher and higher.  Europe's benchmark gas prices surged by 14% in just three days to a fresh record-high, continuing the upward trend from recent weeks, as gas demand for power generation is high amid heatwaves and Russian pipeline supply remains at low levels, while the EU scrambles to fill gas storage ahead of the winter that would see energy and gas rationing, industries shutting down production, and households paying sky-high prices for heating…