Energy policy should support affordability and not undermine it
The U.S. is playing energy inflation whack-a-mole. Gasoline prices have retreated from wallet-draining summer highs, but consumers now find themselves looking at surging natural gas and electricity bills. The global energy crisis—driven by a warring Russia cutting oil and gas to western Europe—continues to batter both energy markets and American families’ budgets. U.S. natural gas prices, which had been extraordinarily low for a decade, have doubled this year—and quadrupled since the start of the pandemic, even reaching 14-year highs in August. As natural gas prices go, so ...