Benchmark natural gas prices in Europe and Asia have soared due to high demand and low storage levels, but the United States has been much less affected.

Renewables played a part, but the renewable contribution trailed that of natural gas. We can see that in the following graphic. U.S. Coal, Natural Gas, and Renewables Consumption 2007 to 2022.

After another year of slumped natural gas markets across North America, a new report says 2025 could bring a jump in prices. An oil and gas price forecasting report published by Deloitte on Dec.