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Americans brace for utility bill sticker shock

1 8 1
16.09.2021

Rep. Steve Scalise breaks down the consequences of the Democrats' spending bill on 'Kudlow'

Americans are bracing for gas and utility bills that will likely be sharply higher as a perfect storm hits the United States.

Severe weather from Hurricane Ida and Tropical storm Nicholas are complicating an already watered-down U.S. energy policy that will leave consumers footing a bigger bill to drive and stay warm or cool.

Those billions will be made on the backs of hardworking Americans who will see more of their money evaporate in the gas tank and with their winter heating bills. Gasoline prices are at $3.18 a gallon, about $1 a gallon higher since President Joe Biden took office.

CONSUMER PRICES RISE 5.3% IN AUGUST

DEMOCRATS PLAN COULD PUSH TAX RATES TO 60% FOR SOME

Henry Hub Natural Gas spot prices have surged over 128% annually as tracked by Macrotrends.

Courtesy: Marcotrends ( )

Electricity and utility gas prices were up 5.2% and 21.1%, respectively, over the last 12 months in August, as reported by the Wall Street Journal. Goldman Sachs is urging users of natural gas to protect themselves from what could be a massive price spike. Higher energy costs are bleeding into inflation and some analysts predict that gas prices........

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