Spot Gas Falls by 30% Since Ukraine Crisis Started

Politics and wars affect the prices of commodities which come from politically unstable regions or regions where there is a threat of war, armed conflict or insurrection. Since the crisis in Ukraine started the price of natural gas on the spot markets has fallen by 30%. I expect that this probably due to expectations about the prospects for shale gas, and perhaps a lower demand caused by warmer than normal European weather. Whatever the reason, I note that the energy companies in the UK have not reacted to the price fall by cutting their prices to consumers.
According to the energy companies, the price of gas that they buy accounts for more than half the energy cost of gas that the consumers pay.