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Geopolitical Tensions and Arctic Blast Drive Gas Prices Higher

2023-10-13 09:46:33.034000

Gas prices are experiencing a surge as households brace for an Arctic blast and geopolitical tensions escalate. The Middle East conflict, particularly the surprise attack by Hamas on Israel, has deepened, leading to the closure of Israel's Tamar gas field in the Mediterranean. This closure is a response to the threat posed by Hamas rockets, and it comes at a time when demand for gas is expected to increase due to the approaching Arctic blast in western Europe. The combination of these factors has resulted in gas prices on track for their largest weekly gain in 15 months. [c1cec60a] [f22b0a89] [b0415726] [24b9921e] [b781733e] [aea0a449] [956ef343]

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