Department of Energy officials in D.C. are warning of higher prices for consumers this summer. Although summer gas prices often rise for tourist and travel season, we can expect even higher prices than normal this year.
That’s Tim Hess from the Energy Information Association. According to their latest short-term energy outlook, the price increases won’t just affect costs at the pump….it’s expected to spread across all aspects of energy, including higher electricity bills and larger price tags for crude oil and natural gas. The weather has a lot to do with it. Hess says we’re expecting a hotter summer – something sure to drive up bills as consumers use more air conditioning.