The U.S. government says it expects household heating bills to jump as much as 54% compared to last winter. Prices are surging worldwide for heating oil, natural gas and other fuels.
The higher prices hit everyone, with pay raises for most workers so far failing to keep up with inflation. But they hurt low-income households in particular.
“It’s what we know about this pandemic: It’s hit the same people that were already struggling with wages not keeping up with the cost of living,” she said. Many of those families are just now getting through a hot summer where they faced high air-conditioning bills. Natural gas in the United States, for example, has climbed to its highest price since 2014 and is up roughly 90% over the last year. The wholesale price of heating oil, meanwhile, has more than doubled in the last 12 months.
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