Are Gas Prices Likely To Go Down In 2024. Gas prices have trended lower in recent weeks, and while several shifting factors could affect the outlook, experts forecast the national average is likely to continue declining. Cornwall's latest research, published on 19 august, suggests ofgem's price cap could rise to £1,714 per year in october, pushing typical gas and electricity bills up by 9% from its current.

Gas prices have trended lower in recent weeks, and while several shifting factors could affect the outlook, experts forecast the national average is likely to continue declining. Benchmark henry hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per million british.