Natural gas costs for U.S. households are expected to see a 21 percent year-on-year increase in the winter of 2022/23. This would make natural gas the fuel most affected by the 2022 energy and cost of living crisis. Supply issues arising from the Russia-Ukraine war have seen global energy prices grow significantly throughout the year. Although the U.S. is the world's largest producer of natural gas, sanctions on Russian imports have nevertheless impacted prices at home. The inherent price volatility of natural gas and other fossil fuels is among the chief reasons for a worsening inflation, which has led to a cost of living crisis and concerns over rising energy poverty and insecurity.
Forecast annual increase in average household expenditure on winter fuels in the United States in 2022/23, by fuel type
(in percent)
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EIA. (October 13, 2022). Forecast annual increase in average household expenditure on winter fuels in the United States in 2022/23, by fuel type (in percent) [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1339370/year-on-year-change-in-us-winter-fuel-costs/
EIA. "Forecast annual increase in average household expenditure on winter fuels in the United States in 2022/23, by fuel type (in percent)." Chart. October 13, 2022. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1339370/year-on-year-change-in-us-winter-fuel-costs/
EIA. (2022). Forecast annual increase in average household expenditure on winter fuels in the United States in 2022/23, by fuel type (in percent). Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1339370/year-on-year-change-in-us-winter-fuel-costs/
EIA. "Forecast Annual Increase in Average Household Expenditure on Winter Fuels in The United States in 2022/23, by Fuel Type (in Percent)." Statista, Statista Inc., 13 Oct 2022, https://www.statista.com/statistics/1339370/year-on-year-change-in-us-winter-fuel-costs/
EIA, Forecast annual increase in average household expenditure on winter fuels in the United States in 2022/23, by fuel type (in percent) Statista, https://www.statista.com/statistics/1339370/year-on-year-change-in-us-winter-fuel-costs/ (last visited October 02, 2024)
Forecast annual increase in average household expenditure on winter fuels in the United States in 2022/23, by fuel type (in percent) [Graph], EIA, October 13, 2022. [Online]. Available: https://www.statista.com/statistics/1339370/year-on-year-change-in-us-winter-fuel-costs/
