European Gas Prices Surge 49% as Winter Nears

Europe's wholesale gas price averaged $12.41 per unit in 2026, up 49% from 2025, Reuters reports. Prices rose again September 7 as supply stayed tight and demand stayed high. Qatar, a major supplier, declared a contract clause letting it cut deliveries 17%, leaving less time to stock up before winter. Higher gas costs usually mean bigger heating and electricity bills for households.