1) This year winter in the northern hemisphere is warmer than expected, thus, less demand for gas overall. I read somewhere that the current gas tanks for the EU is still full and there're costs to store gas so demand at wholesale level should be low at the moment, that explains the low wholesale price at $2 mark as we see
2) The current gas bills people are paying for is for the gas prices that retails bought from wholesales at record high, say $7-$9 few months ago. Thus, our bills are at high prices due to the high input costs
3) Retail prices are lagging behind the wholesale's, in fact, they are following the wholesale prices so we cant expect our gas bills based on the wholesale prices
Correct me if I'm wrong but that's just my 2c
EXR Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
