The U.S. could face power shortages this winter as gas production and storage levels fall short of normal levels, according to Prime news agency, citing Insider. The country's blue fuel reserves are currently 10 percent below average for the season, and its production is down 1 billion cubic feet per day from the first week of August. Energy consumption in the states currently remains elevated due to heat and air conditioning, Bloomberg stated. The country's heating season will begin by November.

However, the states plan to export gas in October - it can be sold at a much higher cost in Europe. While in the U.S. the cost of 1 million British thermal units is $9, in the mentioned region it's about $67, with demand remaining high as European countries are trying to buy as much fuel as possible amid the energy crisis. This month, gas prices in Europe have increased by 12%.