InternationalInternational Economics

45% increase in gas prices for consumers in the United States

According to the Fars News Agency’s International Economics Reporter, quoting BloombergUntil a few years ago, for various reasons, the impact of energy carrier price fluctuations on consumer prices in the United States was less, but now this protective layer has disappeared and in fact the price of energy carriers in the United States is shifting in line with international fluctuations.

A few days ago, the year 2021 ended, when the price of gas in the United States increased by 45% compared to the beginning, which is the highest growth rate of gas prices in the United States for at least the last 5 years.

The reason for the increase in the price of this energy carrier was on the one hand the unprecedented heat in the summer, which increased the demand for electricity and consequently the gas consumption of power plants, and caused the price of this energy carrier to increase.

On the other hand, limited access to gas in the United States for the winter is another factor that has led to rising gas prices.

It is predicted that in 2022 we will also see an increase in gas prices in the US market.

In December, the United States exported 13 percent of its gas, which is equivalent to 7 times the amount of gas exported in December 5 years ago, when there was no export infrastructure in the country.

This lack of imported infrastructure has meant that the US gas market has not been much affected by fluctuations in the global market over the years, but now the situation has changed and due to the provision of infrastructure for gas exports, consumers are even more affected by Price fluctuations are located in the global energy market.

Natasha Canova, a senior fellow at JP Morgan Chase Bank of America, says that in the coming weeks and months we will see more fluctuations in gas prices in the United States due to rising demand in the winter and as the weather cools.

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