b' Copy of 2301 Europe suffers spike in gas prices ' The world’s gas markets are on fire. In the last five days alone, US wholesale prices have surged 75pc while European gas has soared by more than 40pc. Unsurprisingly, the rapid jump has prompted fears of sharp price rises for billpayers, and even triggered talk of gas shortages. Some have even gone as far as to compare the sheer scale and speed of the recent market volatility to what occurred after Russia’s invasion of Ukraine. But analysts beli ...