ICYMI: Yahoo Finance: Utility Bills Are Rising Faster Than Inflation, BofA Says. Expect Higher Prices Long-Term.

In the last year and a half, Trump and Republicans have blocked enough energy to power 22 million homes

A new forecast from National Energy Assistance Directors Association (NEADA) estimates households using heating oil will see bills increase over 30% from last winter

Washington, DC – The news just keeps getting worse for Trump and Republicans. With just 43 days until the midterm elections, prices at the pump have broken records and now, a report from Bank of America found that utility bills skyrocketed faster than inflation over the summer. Instead of working to lower energy costs for Americans, Trump is pushing full steam ahead with wildly unpopular data center expansion — which the report says is contributing to higher energy costs — while gutting clean energy supply across the country. 

With Trump’s war of choice in Iran set to send home heating costs through the roof, American families (and Republicans scrambling to keep their jobs this November) shouldn’t expect relief anytime soon. According to the NEADA, Americans could face more than $700 in additional heating costs compared to before Trump’s war.

Yahoo Finance: Utility bills are rising faster than inflation, BofA says. Expect higher prices long-term.

Utility bills grew faster than overall inflation over the summer, a Bank of America report found, as summer heat, modernization of the US power grid, and the data center build-out contribute to higher costs.

There could be some near-term relief ahead due to a warmer winter, BofA said, but bill pressure is expected to stick around for some time.

Bank of America found that in August, the average utility bill price increased 5.3% year over year, outpacing inflation in electricity and piped gas prices, which rose 4% from a year ago, following the hottest summer on record in the US…