Energy & Environment

Biden Energy Policies Cost U.S. Households More Than $2,300 Since 2021

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Energy prices have continued to rise under President Joe Biden’s radical energy and climate agenda. In 2021, household electricity prices rose 8 percent. Electricity price increases accelerated even more in 2022, and have now risen 17 percent since December 2020, the last month before Biden took office.

Key Points

Over the Past Two Years:
• Overall residential electricity prices increased by 17 percent
• Industrial electricity prices rose 34 percent
• Home heating oil prices increased by 88 percent
• Oil prices rose 61 percent
• Natural gas prices rose 51 percent
• The price of gasoline rose by $1.15 per gallon, or 46 percent

 

  • Linnea Lueken

    Linnea Lueken is a Research Fellow with the Arthur B. Robinson Center on Climate and Environmental Policy at The Heartland Institute. While she was an intern with The Heartland Institute in 2018, she co-authored a policy brief ‘Debunking Four Persistent Myths About Hydraulic Fracturing’. Lueken graduated from the University of Wyoming in 2018 with a B.S. in Petroleum Engineering, and a minor in geology. In college, she was active in her sorority, the UW Shooting Sports Team, and College Republicans, as well as a variety of engineering organizations. Before coming to Heartland, she worked in the Gulf of Mexico on deepwater drillships as a logging geologist.

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  • James Taylor

    James Taylor is president of The Heartland Institute and the founding director of Heartland’s Arthur B. Robinson Center for Climate and Environmental Policy. Taylor has presented energy and environment analysis on every major television network in the United States, and at conferences in the America and Europe. He also organizes Heartland’s International Conferences on Climate Change.

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