9 days ago
WCMY
Tetra Images/Getty Images(NEW YORK) — Even as U.S. households begin to enjoy relief from inflation woes, a spike in heating bills could crunch budgets this winter due to a rise in natural gas prices. Nearly half of the nation’s households rely on natural gas for warmth. Exacerbating the greater need for natural gas, the U.S. suffered a dearth of supply as gas exports soared, analysts told ABC News. After Russia invaded Ukraine last February, those nations sought alternative sources of natural gas, including the U.S, they added. In turn, the U.S. sent more natural gas for sale on the international market, leaving less available for U.S. consumption.
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