The Latest Breaking News from Gas Prices

The average annual energy bill for UK households now sits at £2,500

The Biden administration will sell another tranche of oil from the national reserve in December to put a damper on gasoline prices.

The European Commission proposed another set of emergency measures on Tuesday to tackle high energy prices, but steered clear of an immediate cap on gas prices as EU countries remain split over the idea.

The average annual energy bill for UK households now sits at £2,500

Senior ministers this week have dramatically raised the stakes in the Albanese government’s face-off with gas producers, amid escalating energy prices and dire warnings of worse to come. The question now is: how does the government follow through with effective action to match the rhetoric?

Economy in focus: The US loves its cars – but soaring prices are a big issue. In the midwest, Adam Gabbatt asks voters what they think

Global gas prices are tipped to surge by more than 50 per cent as Europe weans itself off Russian gas, with Australian producers in line to ship more LNG.

The average annual energy bill for UK households now sits at £2,500

Saudi Arabia is slashing oil production before midterms in what some are calling a "hostile act" against Democrats