November 16, 2021

Democrats Push Up Energy Prices

As we head into winter, American families are coping with high energy bills; and prices are projected to keep climbing. Democrats’ reckless tax and spend spree will only make the situation worse.

Projected Increase in Winter Home Heating Fuel Bills

Projected Increase in Winter Home Heating Fuel Bills

A gallon of gas costs $3.39 on average, up $1.28 since last year, with prices reaching their highest level in more than seven years. The average family is spending an estimated $19.65 more to fuel up their car than they did a year ago.

The Energy Information Administration forecasts that Americans also will spend a lot more to heat their homes this winter. Families using natural gas to heat their homes are expected to see their bills increase 29% from last year. Those using propane will spend 46% more, and households that rely on heating oil are projected to see their bills grow by 39%. EIA’s estimates reflect tightened fuel supplies, rising demand, and the National Oceanic and Atmospheric Administration’s winter weather forecast. If it turns out to be even slightly colder this winter, costs will go even higher.

As Americans brace for higher prices, Democrats are forging ahead with radical climate policies as part of their reckless tax and spend spree. It includes new fees on energy producers to raise costs and will institute a new natural gas tax that threatens 90,000 jobs. Democrats are also considering a carbon tax, which will further drive up prices.

President Biden already took action to cancel the Keystone XL oil pipeline and block new oil and gas leases on public lands and federal waters. The administration also is looking into shutting down another pipeline between Canada, Wisconsin, and Michigan. At the same time, the administration is pleading with OPEC and Russia to increase oil output.

Instead of doing everything possible to help families facing a Carter-era energy crisis, Democrats are doubling down on their efforts to shut down American energy production. The inevitable result will be that energy bills are heading even higher. 

Issue Tags: Environment, Energy, Economy