After Joe Biden launched his energy policies, the natural gas prices skyrocketed by 61 per cent, according to new report.


President Biden’s plan to fight the climate change resulted in Americans shelling out more than $1,000 extra in energy costs last year, according to a new report by conservative think tank Heartland Institute.

The analyst observed that government data from the White House also indicate the spike in energy costs has hit families and businesses alike. For instance, overall electricity prices jumped 8 per cent last year, while industrial energy prices climbed 15 per cent. The price of gasoline, meanwhile, rose more than one dollar per gallon last year.

The White House did not respond to a request for comment.

The impact of Mr. Biden’s policies impact was most felt on families when it came to the cost of heating their homes. Last year, the price of home heating oil soared 43 per cent, while natural gas prices skyrocketed by 61 per cent.

Electricity, home heating oil and natural gas are the primary energy and heating sources in 93% of the nation’s homes, according to the U.S. Energy Information Association.