Energy Prices at Multi-Year Highs Heading Into Winter

The U.S. Energy Information Administration (EIA) has published its winter fuels outlook, which notes that retail prices for energy are at or near multi-year highs. For households, the EIA forecasts propane bills to increase an average of 54%, natural gas about 30%, and electricity about 6%. Propane and natural gas inventories — which are already lower than normal — could fall to record lows. (Here’s the short-term outlook for energy prices by region.)

Meanwhile, experts say a cold winter could send oil prices to $100 a barrel. This as news wires are publishing ominous photos of gasoline lines from the 1970s. 10/27/2021