Federal Policy Shifts Drive Up Energy Costs Across Contiguous US

A recent analysis by the nonpartisan think tank Energy Innovation found that federal policy changes since President Donald Trump's return to office will lead to households in the contiguous United States paying thousands of dollars more for energy through 2040.

The modeling released by the California-based think tank predicts that households will pay an average of $6,500 more for energy cumulatively through 2040. In five states - Oregon, Mississippi, South Dakota, Virginia, and Wyoming - households will pay roughly $9,000 more.

The policy changes include canceling new clean energy projects, such as wind, solar, and hydrogen initiatives, which will lead to increased demand for natural gas for electricity and gasoline for transportation. This higher demand will drive up prices.