Gas prices in Europe have plummeted to nearly a three-year low. Futures at the TTF hub in the Netherlands hit 22.5 euros per megawatt-hour (about $250 per thousand cubic meters), according to the Intercontinental Exchange (ICE). Prices are now close to levels seen in May 2021, when Russia gradually began to halt supplies of pipeline gas to the continent. The drop in prices in Europe underscores a comfortable supply situation – storages, as usual, are filled to about 65%, with a little over a month left until the end of the winter heating season. European prices A mild winter and record reserve…