Grab Extra Blankets This Winter as Energy Prices Soar

October 15, 2021

This week Americans received a troubling warning from the government to expect higher heating bills this winter. Inflation and supply chain issues continue to raise prices everywhere from the grocery store to the gas pump, and now Americans will have to worry about heating their homes.

The Wall Street Journal reports: 

According to the Energy Information Administration, nearly half of U.S. households that warm their homes with mainly natural gas can expect to spend an average of 30% more on their bills compared with last year. The agency added that bills would be 50% higher if the winter is 10% colder than average and 22% higher if the winter is 10% warmer than average.

The forecast rise in costs, according to the report, will result in an average natural-gas home-heating bill of $746 from Oct. 1 to March 31, compared with about $573 during the same period last year.

The Biden administration’s ill-informed energy polices created this energy crisis. Anne Bradbury, CEO of American Production and Exploration Council said on the issue, 

“The situation in Europe should serve as a huge warning to the Biden Administration and members of Congress calling for punitive taxes, fees, and onerous new regulatory requirements on our industry,” Anne Bradbury, CEO of the trade group American Production and Exploration Council, said in a statement Wednesday. “By pursuing policies that restrict supply and make it harder to produce oil and natural gas here in America, Americans will have to pay more for their energy.”

From the cancellation of the Keystone Pipeline to banning energy development on federal lands, it continues to amaze us how Biden will do anything to please his eco-left supporters while hurting American families.