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October 2021 Update: Cost of Electricity is Skyrocketing!

The price of electricity in October increased 6.5% from the same month a year ago while consumer expenses paid to utilities for gas went up 28%, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics. Fuel oil rose 59%, and costs for propane, kerosene and firewood jumped by about 35%, the data show.


That increase in electricity costs was the most since March 2009 and the jump in utility-piped gas service the biggest since August 2008, according to the Federal Reserve Bank of St. Louis, which uses the labor statistics data for historical comparisons.


Read more here: https://finance.yahoo.com/news/u-electricity-costs-surge-most-151622541.html


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