# 37% drop in Irish wholesale gas prices in May

> Irish wholesale gas prices were 37% lower in May than a year earlier, according to Vayu Energy, due to European oversupply and mild weather. Prices rose 3% from April because of North Sea outages and colder weather, and Irish electricity prices fell 30% year on year helped by wind generation.

- Date: 2016-05-30 · published 2016-05-30T12:00:00.000Z
- Category: market · region Ireland · magnitude low
- Page: https://feedsoft.ai/events/8457-37-drop-in-irish-wholesale-gas-prices-in-may
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower European gas prices reduce energy and fertilizer input costs. The effect is regional and does not move the main feed commodity markets much.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- rte.ie: https://www.rte.ie/news/business/2016/0530/791892-energy-prices/

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