Americans Priciest Energy Bills
Electricity bill, Gas bill, blah, blah, blah
Kilowatts, gallons — they all add up. Energy is now sucking money out of Americans’ bank accounts at a record level — hitting $612 billion at an annual rate in the month of April, the last month of data. Over the past two years, energy bills as a share of income have risen and are now at their highest point since 1987. For low-income households, some economists estimate energy consumption as a percentage of income is closing in on 10%.
Just before the Fourth of July weekend, gasoline prices are about $2.96 a gallon nationally, up 11.3 cents from a year ago, or 3.9% higher.
