UK Gas Prices Have Nearly Doubled This Week

Gas prices in the UK have nearly doubled as the war between US and Iran ramped up since the weekend. The price of UK wholesale gas prices – which reflect the costs energy suppliers pay to producers for natural gas before selling to household and businesses – has rocketed by 93 per cent in just this week alone. The price of gas briefly hit 151p a therm amid the conflict in the Middle East, a level not seen since February 2023, before easing back to around 148p. The move followed a 32 per cent jump on Tuesday, which sits on top of a 50…