Skip to Content

Amid protests, Europe limited in curbing high energy prices

<i></i><br/>
KMIZ

By KELVIN CHAN and ARITZ PARRA
Associated Press

MADRID (AP) — European governments are slashing fuel taxes and doling out tens of billions to help consumers, truckers, farmers and others cope with spiking energy prices made worse by Russia’s invasion of Ukraine. But for some truckers, fishermen and others whose livelihoods hinge on fuel, the measures aren’t enough. They have been staging protests to push politicians to ease their financial pain. The war has exacerbated a monthslong energy crunch in Europe, and governments have limited options to provide lasting relief as households and businesses face crippling energy bills, high prices at the pump and other effects. Volatile energy markets control natural gas and oil prices that are soaring and driving record inflation.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content