Energy Bills Skyrocket: Protect Your Finances
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Energy bills surge nationwide, with gasoline, electricity, and natural gas all climbing. The national average for regular gas hit $3.91 per gallon, up over 30% since January. Electricity rates reached 18 cents per kilowatt-hour, a 21% jump from five years ago, pushing monthly bills nearly 30% higher. Geopolitical tensions in the Middle East and surging demand from data centers and power grid upgrades are driving up costs. Financial adviser Katharine George recommends beefing up cash reserves, recalculating emergency funds, and diversifying portfolios. Practical moves like auditing energy use, switching to off-peak rates, and checking home efficiency rebates can ease the pressure.
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