The average U.S. household in 2021 spent an extra $600 in higher gasoline costs and $70 in higher electricity costs due to the Biden administration's energy policies.
KEY POINTS
DURING THE PAST YEAR:
- Overall electricity prices rose 8 percent
- Industrial electricity prices rose 15 percent
- Home heating oil prices increased by 43 percent
- Oil prices rose 60 percent
- Natural gas prices surged by 61 percent
- The price of gasoline rose 98 cents per gallon, about 42 percent
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