Driving Forces Behind Gas Price in Global Markets

Abstract

Gas is a fossil fuel belonging to non-renewable and essential energy sources. Although its reserves are, contrary to oil, sufficient, we expect the gas extraction to peak and gradually dwindle to nothing soon. The figures on natural gas prices gave us a breeding ground for research based on correlation analysis and time series regression using multilayer perceptron networks. The outcomes proved no measurable effect of government decisions on the global gas trends. The study foresaw that natural gas value will be highly variable through 2023 since gas rates go through regular cycles lasting several years. First, the course sends the price soaring and then lets it fall to its original value. Other contributory factors involve adopted legislation, prices of related commodities, weather changes, the Czech Crown exchange rate and the situation abroad. The war between Russia and Ukraine is one example of inflation.