Here's why your natural gas bills could be much higher this winter
The price of the fuel surged last year after a jump in demand following extreme weather forced consumers to run heat and air conditioning more than usual. Even as U.S. households begin to enjoy relief from inflation woes, a spike in heating bills could crunch budgets this winter due to a rise in natural gas prices. Nearly half of the nation's households rely on natural gas for warmth. The price of the fuel surged last year following a jump in demand after extreme weather forced consumers to run heat and air conditioning more than usual, analysts told ABC News. Exacerbating the greater need for natural gas, the U.S. suffered a dearth of supply as gas exports soared, analysts told ABC News. Last year, the average price of natural gas reached its highest point since 2008, according to the U.S. Energy Information Administration, or EIA, a federal agency that tracks gas data. The price was expected to climb even further this winter, increasing nearly 30% above where it stood a year...