# Gas price surge, just one more headwind for world economy

> Reuters reports that gas market chaos has driven European prices up 280% this year and US prices up more than 100%. Causes cited include low storage, carbon prices and reduced Russian supplies.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45223-gas-price-surge-just-one-more-headwind-for-world-economy
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The price surge threatens to slow the global economy and raise inflation, with knock-on effects on energy and fertiliser costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-09-24 | [Worldwide energy shortage shows up in surging coal, gas and oil prices: Kemp](https://feedsoft.ai/events/7927-worldwide-energy-shortage-shows-up-in-surging-coal-gas-and-oil-prices-kemp.md) | +15.4% | +1.4% |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |
| NATGAS | 2021-09-30 | [Why are gas prices on the rise and what does this mean for Singapore? - CNA](https://feedsoft.ai/events/45222-why-are-gas-prices-on-the-rise-and-what-does-this-mean-for-singapore-cna.md) | +4.2% | +8.1% |
| NATGAS | 2021-09-30 | [Oxford Energy Podcast - Why are gas prices so high? - Oxford Institute for Energy Studies](https://feedsoft.ai/events/45224-oxford-energy-podcast-why-are-gas-prices-so-high-oxford-institute-for-energy.md) | +4.2% | +8.1% |
| NATGAS | 2021-09-24 | [Europe's gas prices surge but who will cut consumption? Kemp](https://feedsoft.ai/events/7929-europe-s-gas-prices-surge-but-who-will-cut-consumption-kemp.md) | +15.4% | +1.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/global-markets-gas-2021-09-20/

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