Energy is a global market and actions undertaken in Europe will have impacts in the U.S.

A potential spike in energy prices this winter could mean heating your home and filling your car with gasoline could cost you more this winter.

Source: Expect higher energy bills this winter, analysts say. Here’s why.

Electricity costs already up +17%, on average.

And: Heating Costs Will Jump 29-44% This Winter, O&R Warns | Pearl River, NY Patch

Gas prices coming down but that may be short lived – the U.S. discontinues providing oil from the Strategic Petroleum Reserve within a few weeks. More oil may need to be transferred to Europe, which causes the global price to rise. In recent years, the U.S. and state governments have worked to shut down new domestic oil supplies and oil pipelines. The result is that prices for all are likely to continue rising (time will tell).

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