Americans will suffer this winter season regarding heating and electric bills as other costs continue to rise.
“The average household will pay about 17% more this winter to heat their property, reaching a 10-year high of about $1,200 per home, according to a forecast from the nonprofit National Energy Assistance Directors Association,” CBS News reported Monday.
Electricity bills would go up with the prices expected to rise 7.5 percent from last year.
According to Mark Wolfe, the executive director of the National Energy Assistance Directors Association, “There is a lot of pain. This is the second year of high home heating prices. Across the board, low- and middle-income families are suffering.”
In August, Lipow Oil Associates President Andy Lipow warned about natural gas prices climbing throughout the colder months, according to Breitbart News:
When we look at utilities going forward this winter, especially with the soaring price of natural gas, which has doubled since this time last year, the consumer is going to be paying far more for natural gas this upcoming winter heating season. That’s also going to filter into higher electricity costs as 39 percent of our electricity is generated from natural gas.
In addition, drivers were still shelling out 15 percent more at the pumps than they were a year ago, per the CBS article.
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