Turning up the heat: natural gas prices set to skyrocket

InflationMoney MattersFuelNuts & Bolts
Written By Jennifer Joslyn

With the winter months almost upon us and thermostats being turned up a few notches, Americans can expect the prices on their natural gas bills to be on an upward trajectory. While they likely won’t be as high as they were during the hot summer months, projections show an increase as the ban on Russian oil takes effect across the globe’s western countries.

There is now a larger reliance on gas exports, and the age of natural gas gluts in the 2010s is coming to a close. There is also some blame to be cast upon extreme weather events - such as Texas’s independent energy grid experiencing extreme blackouts during the winter of 2021.

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Jennifer Joslyn
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