Reported 8 months ago
The Energy Information Administration (EIA) predicts that the summer heat will lead to higher electricity bills and gas prices for Americans. Electricity costs are expected to rise by up to $173 per month from June to August. Regional trends for electricity and natural gas prices are explained by Yahoo Finance Senior Energy Reporter Ines Ferré. Hotter temperatures are projected to raise residential electricity bills by an average of 3% this summer, with households in the Pacific Coast states likely to see a 7% increase in electricity prices while New England might experience a 7% decrease due to lower natural gas prices.
Source: YAHOO