World Oil price tops $80 adding to pressure on consumers - as UK economy enters 'hard yards'
Gas crisis leaves Europe searching for solutions
Consumers face a steep rise in energy bills as governments try to fund the move to renewable energy. Here, five correspondents explain how different countries are responding.Spain acts to curb record energy bills © BBC Consumers' bills have spiralled here in recent months, with the cost of electricity increasing 35% over the last year and nearly 8% in August alone.Energy prices in Spain are closely tied to the wholesale gas market, so the price per megawatt hour for consumers has repeatedly hit new highs recently.
Oil prices have topped $80 a barrel for the first time in three years - likely adding to pressure on motorists when the higher cost filters through to pumps.
Brent crude rose for a sixth day in a row as concerns over supply coincide with more countries, such as Japan, easing COVID-19 restrictions, which is likely to boost demand.
It came as Bank of England governor Andrew Bailey said the UK economy was entering "hard yards" as inflation pressures grow and the recovery weakens.
Oil prices are rebounding after Brent crude dipped below $20 a barrel last year in the early days of the pandemic - and a separate US benchmark, WTI, even briefly.
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The rising prices at the supermarket checkout are a problem with no simple explanation. But Democratic hopes may depend on finding the right answer.But on the ranch, these are not prosperous times. Even as ground chuck costs more than $5 a pound at Walmart, ranchers complain that they are receiving less for their animals than it costs to feed them.
It could add to accelerating price rises for UK consumers, at a time when inflation isand the Bank of England expects it to by the end of the year.
Motorists are already facing a headache as panic-buying sparked off by worries about a shortage of fuel tanker drivers creates long queues at forecourts - and with petrol prices at an eight-year high.
The RAC, the motoring organisation, has accused "a small number of retailers" taking advantage of the situation by hiking prices.
The government has said the armywith soldiers at "increased preparedness" to help deliver fuel if necessary.
But ministers and petrol retailers are hoping that after motorists drained pumps in recent days there will be a return to calm.
Google slammed for 'harming consumers' with advertising dominance
Australia's competition regulator - the ACCC - on Tuesday released a report finding the tech giant was involved in 'more than 90 per cent of ad impressions' online.Australia's competition regulator - the ACCC - on Tuesday released a report finding the tech giant was involved in 'more than 90 per cent of ad impressions' sold through advertising technology software known as ad tech.
The panic-buying has led to industries from taxi drivers to the meat processing sector - and even non-league football - facing difficulties and.
It adds to a cocktail of supply chain problems already created by the HGV driver shortage as well as a gas price spike across Europe that has led to the collapse of a series of smaller energy companies.
Among the pressures on energy supply has been a lack of wind to generate renewable power.
Mr Bailey joked that when notified of this latest setback he was tempted to ask "and when are the locusts due to arrive?".
The Bank governor acknowledged that recent evidence had strengthened the case for a "modest tightening of policy" - that is, raising interest rates or scaling back the Bank's £895bn bond purchasing programme to try to rein in inflation.
California oil spill sparks concern for wildlife .
The spill has been described by one official as a potential ecological disaster.About 3,000 barrels of oil have spread over an area covering 13 square miles (33 sq km), off the Orange County coast.