# Why are gas prices on the rise and what does this mean for Singapore? - CNA

> A CNA analysis describes a perfect storm of demand and supply factors driving a historic surge in global gas prices, with European and US benchmarks up nearly 300% and 100% in recent months. It warns of possible stagflation and a spillover into crude oil markets.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45222-why-are-gas-prices-on-the-rise-and-what-does-this-mean-for-singapore-cna
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Sustained gas price strength raises energy costs across the economy and could spill into crude and inflation, affecting feed input and transport costs. The article is explanatory rather than a new shock.

## Read by commodity

- WTI: neutral
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-04-01 | [Gas prices will rise and there's not much we can do to stop it](https://feedsoft.ai/events/72174-gas-prices-will-rise-and-there-s-not-much-we-can-do-to-stop-it.md) | +2.7% | +2.5% |
| NATGAS | 2021-09-23 | [Inside Clean Energy: Natural Gas Prices Are Rising. Here’s Why That Helps the Cleanest (and Dirtiest) Electricity Sources - Inside Climate News](https://feedsoft.ai/events/7930-inside-clean-energy-natural-gas-prices-are-rising-here-s-why-that-helps-the.md) | +15.2% | +3.2% |
| NATGAS | 2022-08-25 | [Why are global gas prices so high?](https://feedsoft.ai/events/40207-why-are-global-gas-prices-so-high.md) | -2.9% | -20.2% |
| NATGAS | 2021-01-14 | [What the Rally in Gas Prices Tells us about Gas Markets and Energy Security](https://feedsoft.ai/events/49334-what-the-rally-in-gas-prices-tells-us-about-gas-markets-and-energy-security.md) | -10.2% | +55.7% |
| NATGAS | 2026-10-28 | [European natural gas prices soar: What it means for your winter bills](https://feedsoft.ai/events/625-european-natural-gas-prices-soar-what-it-means-for-your-winter-bills.md) | +0.7% | — |
| WTI | 2023-05-29 | [Inflation Shows No Signs of Cooling. What Does That Mean For Commodity Prices? \| FXEmpire](https://feedsoft.ai/events/35850-inflation-shows-no-signs-of-cooling-what-does-that-mean-for-commodity-prices.md) | -0.4% | -6.6% |
| WTI | 2026-06-11 | [IDR/USD: Why the Rupiah Is Falling and What It Means for Indonesia’s Economy - Bloomberg](https://feedsoft.ai/events/19106-idr-usd-why-the-rupiah-is-falling-and-what-it-means-for-indonesia-s-economy.md) | -14.0% | -24.3% |
| WTI | 2026-10-26 | [Rupee falls for third straight session, ends at 95.19 as oil prices and importer demand weigh](https://feedsoft.ai/events/17312-rupee-falls-for-third-straight-session-ends-at-95-19-as-oil-prices-and-importer.md) | -3.2% | — |

## Sources

- channelnewsasia.com: https://www.channelnewsasia.com/business/gas-price-rise-europe-us-singapore-economy-2209591

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