# 'New shock' for European markets as gas price spike fuels inflation fears | Reuters

> Natural gas prices in Europe surged again, with Russia signalling further export squeezes and European buyers scrambling for supplies. Gas prices have risen almost 40% in August and nearly 300% this year.

- Date: 2022-08-24 · published 2022-08-24T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/40209-new-shock-for-european-markets-as-gas-price-spike-fuels-inflation-fears-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Surging European gas raises inflation and production costs, which squeezes nitrogen fertilizer output and pushes up feed and livestock input costs.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2022-08-25 | 1 | +19.1% | 7.7 | A new surge in European gas prices raised nitrogen production costs and supply fears, supporting urea prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-10-01 | [European gas prices hit all-time highs as Russian flows slump \| Reuters](https://feedsoft.ai/events/44762-european-gas-prices-hit-all-time-highs-as-russian-flows-slump-reuters.md) | -0.5% | +0.2% |
| NATGAS | 2026-08-31 | [European gas prices spike above €70 amid renewed Middle East fighting \| Euronews](https://feedsoft.ai/events/18059-european-gas-prices-spike-above-70-amid-renewed-middle-east-fighting-euronews.md) | +3.3% | +7.4% |
| NATGAS | 2022-03-01 | [Europe's gas supply concerns, high prices put New England forward market at risk \| S&P Global](https://feedsoft.ai/events/42450-europe-s-gas-supply-concerns-high-prices-put-new-england-forward-market-at-risk.md) | +10.2% | +24.4% |
| NATGAS | 2026-10-28 | [European gas price crosses €100 for first time since 2022 as EU warns of new crisis \| Euronews](https://feedsoft.ai/events/267-european-gas-price-crosses-100-for-first-time-since-2022-as-eu-warns-of-new.md) | +0.7% | — |
| NATGAS | 2023-05-25 | [SHELL \| Global LNG prices could spike this winter on low European gas stocks](https://feedsoft.ai/events/36127-shell-global-lng-prices-could-spike-this-winter-on-low-european-gas-stocks.md) | -15.9% | +6.0% |
| UREA | 2026-03-09 | [European nitrogen market rallies on gas price hike, Iran conflicts \| S&P Global](https://feedsoft.ai/events/20464-european-nitrogen-market-rallies-on-gas-price-hike-iran-conflicts-s-and-p-global.md) | +3.4% | +21.0% |
| UREA | 2021-10-01 | [European gas prices hit all-time highs as Russian flows slump \| Reuters](https://feedsoft.ai/events/44762-european-gas-prices-hit-all-time-highs-as-russian-flows-slump-reuters.md) | +26.3% | +29.3% |
| UREA | 2025-06-03 | [Can New Sanctions Spark a Fertilizer Price Shock?](https://feedsoft.ai/events/4336-can-new-sanctions-spark-a-fertilizer-price-shock.md) | +0.5% | +10.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/new-shock-european-markets-gas-price-spike-fuels-inflation-fears-2022-08-24/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.