echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > US gas prices hit new highs, rising residential energy costs

    US gas prices hit new highs, rising residential energy costs

    • Last Update: 2021-11-13
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Recently, the US government issued a reminder that affected by the rising prices of natural gas, oil and other fuels, it is expected that this winter, US residents’ heating expenditures will increase by about 30% compared with last year, and heating expenses in some areas may increase by 54% compared with the same period last year


    Gasoline and diesel prices continue to soar

    Gasoline and diesel prices continue to soar

    In terms of natural gas, according to the "Short-term Energy Outlook" report issued by EIA, the average spot price of Henry Port's benchmark natural gas may reach US$5.


    At the same time, this year, oil and gas production in the U.


    In order to maintain a balance of payments, many American families have already cut their spending drastically


    Residents’ heating costs may rise by nearly 50%

    Residents’ heating costs may rise by nearly 50%.


    The second largest heating method for American residents is electricity, which accounts for about 41%


    At the same time, according to news from the US Meteorological Research Institute, affected by abnormal climate changes, the average temperature in the United States this winter is expected to be lower than in previous years, which will result in higher heating demand in the United States this winter than in previous years, which will further increase the heating costs of American residents.


    Oil and gas inventories may remain low

    Oil and gas inventories or maintain low oil and gas inventories or remain low

      Many American media pointed out that the current global oil and gas prices are showing a rapid upward trend.


      EIA data also shows that since this year, the U.


      The Associated Press quoted Barclays Bank analyst Amarpreet Singh as saying that compared with previous years, the current US natural gas inventory is relatively low, which may make the upcoming warm peak season lack of buffer means


      At present, the US government has repeatedly stated that it hopes to negotiate with the oil industry to find a solution to the problem of rising gasoline prices and reduce the damage caused by inflation to economic recovery




    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.