Lowest level of gas prices in Europe since the start of the war
Since Russia invaded Ukraine, wholesale natural gas prices in Europe have decreased to their lowest level.
Due to sanctions on Russian oil, the world's largest energy company, Gazprom, saw a 55 percent decrease in its gas supplies to the European Union and Switzerland last year.
Gas storage tanks were refilled by European countries, and programs urging people to conserve energy throughout the winter were started.
With storage levels in Europe at 83 percent, less gas had to be purchased.
Although economists predict it will likely have a modest impact on lowering what firms and individuals pay, EU states have recently placed a restriction on natural gas prices.
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