A Searing Asian Summer Will Add to Risk of Surging Gas Prices The sweltering summer months in Southeast Asia are expected to drive up oil demand, contributing to a surge in gas prices that will have far reaching consequences for global energy markets.
Temperatures in countries like Indonesia, Malaysia, and the Philippines are forecast to soar above average levels, fueling increased air conditioning usage and electricity generation – much of it generated by burning fossil fuels.
Understanding the Link Between Asian Summer and Gas Prices Many major economies are located in tropical or subtropical regions, where rising temperatures directly impact energy consumption.