Expensive winter ahead because of Biden energy fiascos

 Epoch Times:

...

Propane costs are forecasted to rise by 54 percent, heating oil costs to rise by 43 percent, natural gas costs to rise by 30 percent, and electricity costs to rise by 6 percent.

With natural gas consumption projected to rise by 3 percent this winter, households are expected to spend $746 this winter, up from $573 last winter.

The increase in natural gas heating costs varies by region with the Midwest U.S. leading the price hike at a 45 percent increase from last winter, and the Northeast expecting a hike of 14 percent.

Nearly half of all U.S. households use natural gas as the primary source of heating.

Households relying on heating oil over winter will spend $1,734 over winter, relative to $1,212 last winter.

Houses in Northeastern regions will be more affected by the price hike as nearly one in five homes in the region rely on heating oil as their primary source of space heating.

The projection is based on the Brent crude oil price, which helps determine the prices of U.S. petroleum products.

“The higher forecast Brent crude oil price this winter primarily reflects a decline in global oil inventories compared with last winter as a result of global oil demand that has risen amid restrained production levels from OPEC+ [Organization of the Petroleum Exporting] countries,” according to the EIA.

...

By reducing US production and blocking pipeline imports from Canada, Biden has turned the markets back over to OPEC instead of US producers who were able to actually export excess fuel under Trump. This winter's increased heating cost is entirely on Biden and his sell-out to Big Green.  It will only get worse while Democrats are in power and push their "climate change" agenda. 

See, also:

Households that use natural gas to see heating bills rise an average of 30% this winter

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