Report Projects U.S. Household Energy Cost Increases Under Trump Administration Policies

A nonpartisan think tank, Energy Innovation, projects U.S. households will face an average cumulative increase of $6,500 in energy costs through 2040. This forecast attributes the rise to federal policy changes under the Trump administration, including the cancellation of clean energy projects and the revocation of efficient vehicle incentives. These actions are expected to drive up demand and prices for natural gas and gasoline, impacting household budgets.