Here's everything you need to know about the social media outage. Messenger and Instagram, which are owned by Facebook, were also affected, as well as Workplace and other associated Facebook apps.Įarlier on Monday, Facebook finally revealed the cause of a global outage. Tens of thousands of WhatsApp users reported issues using the global instant messaging service earlier on Monday, while Mark Zuckerberg's social giant Facebook also went down. In the long term, Fell said there are two things that would help bring costs down.Facebook, WhatsApp, Instagram and Messenger were offline after crashing for seven hours on Monday. US faces increased pressure to help Ukraine with air defense On The Money - Why a major banker sees a US recession on the way “It’s not that the gas molecule is more expensive up in Boston or in New York, it’s just more difficult to get that gas molecule to serve the consumers up in New York and in Boston because of the lack of infrastructure,” he said. Both Fell and Kim agreed that the Northeast may be hit hardest since it doesn’t have as much infrastructure such as pipelines.

Prices also may not necessarily be the same across the U.S. Summer Henry Hub gas prices are up by a higher 50% this year,” he added. “Utilities purchase gas during the summer injection season to store and withdraw during the winters when heating demand rises significantly. “Although the upcoming average winter Henry Hub gas prices are trading 20% higher than last winter, consumers should expect to see even higher increases in their gas heating bills,” he said, referring to a benchmark natural gas price. In a follow-up emailed statement, Kim predicted that consumers could see a significant rise in their gas bills. That’s what the shareholders want,” said Eugene Kim, research director on Wood Mackenzie’s Americas gas research team. We’re still growing our production, it’s just that it’s a lot more muted because producers are exercising capital discipline. “Compared to years of the past, the supply response has been muted. There’s also a market imbalance because energy producers have not increased supply as much as they have done in the past to meet increased demand. But, that’s not the only factor driving up the price of natural gas.

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