Trump Policies Expected to Boost US Energy Costs by $6,500 per Household

A nonpartisan think tank, Energy Innovation, has analyzed federal policy changes under President Donald Trump and found that households in the contiguous United States will pay thousands of dollars more for energy through 2040.

The analysis found 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 think tank attributed the increased costs to Trump's policies canceling new clean energy projects, such as wind, solar, and hydrogen initiatives, which will lead to higher demand for natural gas for electricity and gasoline demand for transportation. This, in turn, increases prices due to higher demand.