December 1, 2022
American households that run on natural gas can expect high bills this winter.
How high prices go depends on a lot of factors, including whether the war in Ukraine takes a new turn and if the winter is unusually mild or cold. The Energy Information Agency’s winter forecast expects bills to be higher than last year’s, though not quite as high as the summer peak.
War in Ukraine and Europe’s ban on Russian gas have already reshaped global markets. Europe is feeling the crunch because of how much of its gas came piped from Russia, but the US faces a different kind of problem.