These Charts Show Where Electricity Costs Are Rising The Most
It's no secret that costs for utilities are on the rise. As inflation nears 8%, basic services and goods like groceries and utilities are creeping up in cost. But new sanctions against Russia after the Ukraine invasion have caused natural gas, oil, coal, and uranium prices to soar. Energy services, according to the U.S. Census Bureau, have risen 12.3% year over year, with the cost of natural gas rising 23.8% and electricity increasing by 9%.
While the pinch is being felt across the country, some states are experiencing higher utility spikes than others. These six charts show you where electricity costs are rising the most.
Image source: Find Energy.
Source Fool.com
