Trump promised to cut consumers’ energy costs within his first year in office but gas price is up 4% on average
Americans using gas stoves to cook during the holidays, or any other meal in the near future, are set for persistently higher bills, with the price of gas expected to keep rising into next year.
US households will pay 4% more for gas power this year, on average, compared with 2024, with the industrial and power plant sectors experiencing a much higher price rise, a recent analysis from the US Energy Information Administration (EIA) has found.
The cost of gas piped into people’s homes rose by 11.7% in September, compared with a year previously, a higher rate of inflation than in any other area measured by the federal government, such as food, medical care and clothing.
“Under my administration, we will be slashing energy and electricity prices by half within 12 months, at a maximum 18 months” “Prices will come down. You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.”
Donald Trump, PBS NewsHour, Trump Rally in North Carolina, 8/14/24