If it seems like everything you buy is getting more expensive, it’s not just in your head, it’s true. From groceries to gas, prices are skyrocketing thanks to President Biden’s inflationary policies. One of the most expensive costs heading into the winter months in many parts of the country is the price of heating oil, natural gas, propane, and other fuels.
Natural gith prices already hitting hights not seen in years, as demand continues to grow with colder weather, the price to heat your home is set to jump as high as 54% compared to the previous winter:
With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter.
The sharpest increases are likely for homes that use propane, which account for only 5% of U.S. households, but others are also likely to see big increases.
Homes that use natural gas, which make up nearly half of all U.S. households, may spend $746 this winter, 30% more than a year ago. That could make this winter’s heating bills the highest for them since the winter of 2008-2009.
If you think you can escape it because your heat source is electric, not gas, think again. The cost of electricity in many parts of the country has already gone up as well and will continue on the same trajectory as the cost of fuel prices, but with a smaller incrase:
The second-most typical heating source for homes is electricity, making up 41% of the country, and those households could see a more modest 6% increase to $1,268. Homes using heating oil, which make up 4% of the country, could see a 43% increase — more than $500 — to $1,734.
There is no putting lipstick on this pig for the Biden administration, the situation is dire for many families who haven’t yet fully recovered from Covid-related expenses over the past 19 months. Any gains in income are being eaten by inflation at the grocery store and the gas pump, now they’ll be eaten by your heating bill as well:
The higher prices hit almost all households, with pay raises for most workers so far failing to keep up with inflation. Average hourly earnings for workers were up 4.6% last month from a year ago.
But higher heating bills will hit low-income households particularly hard.
“After the beating that people have taken in the pandemic, it’s like: What’s next?” said Carol Hardison, chief executive officer at Crisis Assistance Ministry, which helps people in Charlotte, North Carolina, who are facing financial hardship.
The Biden administration, with feckless results, is trying to balance an economically harmful agenda on climate change with rising energy prices. Naturally, this administration will side with environmental activists rather than American households desperately in need of relief when it comes to rising costs of just about everything around them.
With Biden immediately cutting oil leases and canceling the Keystone XL pipeline, the signal from the White House is pretty clear to anyone hoping to avoid spending more of their shrinking household budget on heat this winter.
It’s unconscionable that Biden would do anything to end the energy independence cultivated under four years of the Trump administration, but that’s exactly what has happened. For the first time, America was exporting more energy than it imported because we had a surplus. The result was stable, predictably low energy prices for Americans no longer held hostage to OPEC and unstable foreign governments for oil.
Almost assuredly, the Biden administration will blame oil companies or “supply chain issues” for rising heating costs, but the only person to blame is sitting in the Oval Office.
