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Energy Department Predicts Heating Prices to Increase by 28% for Americans This Winter
https://www.conservativebusinessjournal.com ^ | OCTOBER 27, 2022 | CBJ REAL NEWS

Posted on 10/27/2022 6:12:21 PM PDT by massmike

If you thought that American life became expensive under the Biden administration, you haven’t seen the worst of it yet.

The U.S. Energy Department projects heating bills for Americans who rely on natural gas, which is roughly half of Americans, to increase by 28% this winter.

Here is the average increase in costs for heating this winter according to the Energy Information Administration:

Natural Gas: $931 (+28%)

Heating Oil: $2,354 (+27%)

Electricity: $1,359 (+10%)

Propane: $1,668 (+5%)

It’s no surprise that natural gas has become so much more expensive. The United States used to be one of the leading producers of natural gas.

However, Joe Biden kept his promise upon entering office and banned oil and natural gas development on public lands. At the time, economists estimated that this would cost the American economy $670 billion dollars over the next 20 years.

This cost to the American economy was underestimated as economists did not foresee a coming war between Russia and Ukraine.

While this estimate did factor in the loss of energy jobs and the increased cost of importing oil and gas, it did not predict the international supply of natural gas would rapidly increase in price and decrease in supply.

Due to Joe Biden’s ban on domestic energy production, we quickly became reliant on foreign oil and are now paying the price for it.

(Excerpt) Read more at conservativebusinessjournal.com ...


TOPICS: Chit/Chat
KEYWORDS: electricity; heating; heatingoil; natgas; naturalgas; propane
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1 posted on 10/27/2022 6:12:21 PM PDT by massmike
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To: massmike

I thought we are exporting crap loads to Europe where they now have a gluten resulting in futures prices below zero...


2 posted on 10/27/2022 6:13:43 PM PDT by msrngtp2002 (Just my opinion.)
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To: massmike

Liars. Hearing costs are going to up by WAY more than 28% this heating season. And it doesn’t even have to be a particularly severe winter, either.

Worse is, that the fuel cannot even be delivered, because of no Diesel fuel for the trucks to haul it out the the customers.


3 posted on 10/27/2022 6:21:27 PM PDT by alloysteel (People who think they know everything are a great annoyance to those of us who do - Isaac Asimov)
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To: alloysteel

Mother-in-law just paid twice what her heating oil for last year cost.


4 posted on 10/27/2022 6:31:04 PM PDT by Glenmore
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To: alloysteel
>>because of no Diesel fuel for the trucks

Could have something to do with the 1.04 million b/d (barrels per day) of diesel the USA has been exporting in 2022.

See: eia.gov

5 posted on 10/27/2022 6:34:49 PM PDT by Deaf Smith (When a Texan takes his chances, chances will be taken that's for sure.)
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To: massmike

Interesting. Propane is down in my area approx. 40 cents a gallon. (Rocky mountain)

https://www.eia.gov/dnav/pet/pet_pri_wfr_a_EPLLPA_PRS_dpgal_w.htm


6 posted on 10/27/2022 6:34:56 PM PDT by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: massmike

Strange how energy, food, medicine, education, etc. see double digit rises in prices but the inflation rate is 8%.


7 posted on 10/27/2022 6:42:21 PM PDT by packagingguy
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To: massmike

28% on top of God knows what the hellacious increase was during Biden’s first year. Just keeping the pilot light on in the hot water heater is problematic.


8 posted on 10/27/2022 6:45:37 PM PDT by Bonemaker (invictus maneo)
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To: alloysteel

9 posted on 10/27/2022 6:48:58 PM PDT by Bonemaker (invictus maneo)
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To: Glenmore

Doubling in the Northeast as well. Could cost Maine Democrats dearly.


10 posted on 10/27/2022 6:49:04 PM PDT by _longranger81
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To: massmike

We should all be so grateful that Joe is getting rid of our bank overdraft fees, so we can afford to pay for heat this winter! (/s)


11 posted on 10/27/2022 6:51:57 PM PDT by NEMDF
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To: Deaf Smith
"Could have something to do with the 1.04 million b/d (barrels per day) of diesel the USA has been exporting in 2022."

Thanks. I didn't know about that, and looked it up to verify your post.

Wow!

12 posted on 10/27/2022 6:55:39 PM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: massmike

Impossible. Inflation is only 8.7%.


13 posted on 10/27/2022 7:16:52 PM PDT by ProtectOurFreedom (The “I” in Democrat stands for “Integrity.”)
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To: NEMDF

I don’t know about you, but Joe promised me that I can balance my budget with better legroom in airplane seats.


14 posted on 10/27/2022 7:18:37 PM PDT by ProtectOurFreedom (The “I” in Democrat stands for “Integrity.”)
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To: massmike

thank God my coal bunker if full...


15 posted on 10/27/2022 7:19:16 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: msrngtp2002
I thought we are exporting crap loads to Europe where they now have a gluten resulting in futures prices below zero...

They don't have a glut - they have a lack of regasification terminals.

The LNG tankers going in circles waiting for a receiving terminal means that the ships aren't being used to move product.

Europe isn't the ONLY customer in the world - other countries need the LNG, and aren't getting it because they've been shut out of the market by the EuroWeeinies.

16 posted on 10/27/2022 7:42:35 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: alloysteel

They are already talking about a diesel shortage and it isn’t even winter. Diesel and home heating oil are the same thing so I would think there will be a shortage of heating oil this winter. This will be a tough winter for millions of Americans.


17 posted on 10/27/2022 7:51:10 PM PDT by Rdct29 (Democrats are the new Nazi's. They think they deserve total control over the people)
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To: massmike

Super. Let’s go, Brandon!


18 posted on 10/27/2022 7:51:36 PM PDT by dinodino ( )
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To: massmike

The price increase in our country takes place because we’re sharing our nasty fossil fuels with folks who abhor their very usage. We are as stupid as the Eurogreenies. Let them burn expensive Danish furniture to keep warm.


19 posted on 10/27/2022 7:53:14 PM PDT by 353FMG (Secretly practicing my Putin swagger..)
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To: Glenmore

Voting democrat opens the gates to hell every time.


20 posted on 10/27/2022 7:56:40 PM PDT by 353FMG (Secretly practicing my Putin swagger..)
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