“The average U.S. household in 2021 spent an extra $600 in higher gasoline costs and $70 in higher electricity costs due to the Biden administration’s energy policies,” write Linnea Lueken and James Taylor for the Heartland Institute. And that’s not all.
“Further, households that use natural gas spent an extra $300, on average, and those using home heating oil paid $1,000 more. Cumulatively, the average American household paid about $1,000 in higher energy costs in 2021 compared to 2020.”
They list the following “notable” policies that raised energy prices:
- Canceling the Keystone XL pipeline
- Restricting drilling in parts of the Arctic Ocean, Bering Sea, and federal lands
- Placing a moratorium on new oil and gas leases on federal land
- Rescinding energy production leases in the Arctic National Wildlife Refuge
- Plans to close nearly half of the National Petroleum Reserve in Alaska
- Stringent new regulations on methane emissions from oil and gas production
- Classifying residual water from oil and gas drilling as toxic waste
- Considering hiking royalties paid to the federal government by fossil-fuel companies
Sources for this information are included in the story. The image above is by Skitterphoto on Pixabay.