Monday, 6 February 2012

UK #gasprices shoot to 6-year high due to cold weather

UK spot gas prices rose to their highest levels since early 2006 on Monday morning as extreme cold continued to sweep across Britain and most parts of Europe.         Bitterly cold weather throughout Europe has left large parts of the continent struggling to cover gas and power demand, while forecasters warn that low temperatures would continue into next week.          Gas prices for within-day delivery were trading at 79 pence per therm 0815 GMT, and prices for delivery on Tuesday were at 78.50, up around 4 pence since Friday afternoon.

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