Ryan Dezember of The Wall Street Journal reports on higher home heating costs.
- For homes in the Northeast that rely on heating oil, home heating could cost 27% more this winter.
- Inflation and a predicted colder-than-average winter are the primary drivers of these costs.
- While there are few immediate fixes to these high prices, federal policymakers can provide relief by reducing regulations on producers, investing in infrastructure such as refineries and pipelines, and repealing the Jones Act.
“Federal weather officials believe that, on balance, this winter will be colder than last and require more energy to heat homes. Though milder temperatures are expected in the Southwest and along the Atlantic Coast, the National Oceanic and Atmospheric Administration forecasts colder weather in the frigid parts of the country, where the most heating fuel is consumed.”
Read the full article here.