in Europe, natural gas prices have gone from below $2 per million BTU last year to as much as $55 this fall

 But in Europe, natural gas prices have gone from below $2 per million BTU last year to as much as $55 this fall. That is the equivalent of $320 a barrel oil.

Bank of America has warned that a cold winter could boost oil demand by half a million barrels per day, lifting Brent crude to $100 a barrel. That in turn would cause more sticker shock for American drivers because gas prices are priced off Brent crude.

"We may just be one storm away from the next macro hurricane," Bank of America strategists wrote in a recent note to clients.

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https://www.cnn.com/2021/10/11/business/gas-prices-oil-opec/index.html

It sadly seems inevitable at this point that many on a fixed income in Europe and the U.S. will freeze to death this year because they can't afford to heat their homes at these prices worldwide.

However, younger people capable of moving could also move to places like Florida, Texas, southern Arizona and California where heating bills aren't as much of a problem generally speaking.