UK gas prices more than double in space of seven days

The average price of gas increased by 110% in just a week, according to new data.

UK gas prices more than double in space of seven days amid soaring energy bills iStock

Gas prices in the UK have more than a doubled in the space of a week, according to new official data.

The Office for National Statistics (ONS) found that the System Average Price (SAP) of gas rose by 110% in the week to November 6, compared with the previous week.

This was the biggest week-on-week increase seen throughout 2022, it said.

Furthermore, prices soared 322% above the level seen in February 2020, before the pandemic.

The ONS looks at the average price of all gas traded through the market used by the National Grid to collect the data, which reflects spot prices on the day.

It comes as households are being stretched by soaring energy costs, with the cost of heating homes and using electricity expected to ramp up over the colder months.

The Government has begun handing out a £400 rebate to all households this winter as part of its scheme to ease the pressure on people’s finances.