U.S. Households See Electricity Bills Soar As Energy Crisis Comes To America

U.S. Households See Electricity Bills Soar As Energy Crisis Comes To America

OilPrice.com

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One central theme that comes to mind is the impact of higher natural gas prices and, by extension, power prices. Americans will soon see higher gasoline prices at the pump because of OPEC+ production cuts slated for next month. Many folks will also see their electricity bills rise this winter because natural gas generators power a large percentage of the country's grid. This is a double whammy for hundreds of millions of Americans ahead of the midterm elections in about a month -- as Democrats scramble to find solutions to tame the energy crisis. …

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