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Consumer Costs

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Winter heating costs surge 113% as LIHEAP benefits leave low-income families facing a $500 gap
economy4 days ago

Winter heating costs surge 113% as LIHEAP benefits leave low-income families facing a $500 gap

U.S. households face an average winter heating bill of $1,030, up $82 from last year, while Low Income Home Energy Assistance Program (LIHEAP) benefits average only $467. This leaves a shortfall of over $500 for nearly 5 million assisted households. Heating oil prices have spiked 113% year-over-year to $4.79 per gallon due to Middle East conflicts and supply disruptions. NEADA urges Congress to triple LIHEAP funding from $4 billion to $7 billion to prevent utility delinquencies.

via WBAL-TV|
#consumer-costs#economy#energy-crisis
Heating oil prices spike 113% as LIHEAP benefits leave low-income families with a $500 winter gap
economy5 days ago

Heating oil prices spike 113% as LIHEAP benefits leave low-income families with a $500 winter gap

U.S. households face an average heating bill of $1,030 this winter, an $82 increase from last year, driven by crude oil prices above $100 per barrel due to the Middle East conflict. Low-income families receiving LIHEAP assistance, which averages $467, face a shortfall of over $500. Heating oil costs have surged 113% year-over-year, reaching $4.79 per gallon, leaving Northeastern households with potential out-of-pocket costs exceeding $1,000 after assistance.

via KOCO|
#consumer-costs#economy#energy-crisis
T-Mobile Hikes Regulatory Fee Again, Adding $1 to Monthly Bills
telecom11 days ago

T-Mobile Hikes Regulatory Fee Again, Adding $1 to Monthly Bills

T-Mobile is raising its Regulatory Programs and Telco Recovery Fee starting October 12, 2026. The monthly charge for cellular lines will increase by $1.00 to $5.49, while mobile internet lines will rise by $0.50 to $2.60. This is the second increase in 2026 and the third in 18 months, adding to customer bills regardless of plan type or price-lock status.

via PhoneArena|
#consumer-costs#fee-hike#regulatory-programs
California to phase out less efficient replacement tires
policy1 month ago

California to phase out less efficient replacement tires

California’s Energy Commission approved a two-phase rule to curb replacement tires with higher rolling resistance. Beginning in 2029, tires must meet a maximum rolling resistance of 9.1 N/kN, then drop to 7.2 N/kN in 2033, ensuring sold replacements are as energy-efficient as original equipment. Regulators estimate phase 1 could save about $79 in four months and phase 2 about $153 in seven months, while tire makers warn costs could rise and a large share of current tires could be banned. Enforcement will involve a lab testing program and retailer checks, with numerous exclusions (e.g., competition, winter, used/treaded, space-saver, and some off-road tires).

via KCRA|
#california#consumer-costs#energy-efficiency
Trump push to loosen home-appliance efficiency standards faces backlash
policy3 months ago

Trump push to loosen home-appliance efficiency standards faces backlash

The Energy Department proposes weakening or pausing future efficiency updates for home appliances (air conditioners, refrigerators, washing machines), arguing it preserves consumer choice and lowers costs, but critics warn it would increase energy use and strain the grid, undo decades of efficiency gains, and could face lawsuits from Democratic-led states; the move mirrors earlier Trump-era efforts and follows other rollbacks since he returned to office.

via The Washington Post|
#appliance-standards#consumer-costs#energy-efficiency
Gas bills surge: Americans paying billions more at the pump since February
business3 months ago

Gas bills surge: Americans paying billions more at the pump since February

NBC News reports that since late February, Americans have spent about $33 billion more on gasoline as national average prices rose roughly 34% from Feb. 28, driven by the Iran-related conflict. The piece highlights NBC’s daily gas-cost calculator for estimating personal pump costs, notes the biggest price jumps in states like Wyoming, Utah and Wisconsin, mentions some states pausing gas taxes, and notes shifting consumer behavior toward less driving and higher utility spending.

via NBC News|
#brown-university#business#consumer-costs
Kiel Study Finds US Consumers Bear Nearly All Tariff Costs
economy8 months ago

Kiel Study Finds US Consumers Bear Nearly All Tariff Costs

A Kiel Institute study finds Americans shoulder about 96% of Trump-era tariff costs, with importers and consumers paying the bulk while foreign exporters mostly keep prices steady. The research notes tariff revenue of about $195 billion in fiscal year 2025 and estimates households paid roughly $758 per adult last year. It highlights deadweight losses, higher consumer prices, and disrupted supply chains, and offers four reasons why foreign suppliers haven’t offset costs. While some findings suggest tariffs could modestly curb inflation, the dominant takeaway is that tariffs act as a consumption tax on Americans.

via Straight Arrow News|
#consumer-costs#economy#kiel-institute
Goldman Sachs: U.S. Consumers Bear Most of Trump's Tariffs
business1 year ago

Goldman Sachs: U.S. Consumers Bear Most of Trump's Tariffs

A Goldman Sachs report reveals that U.S. consumers are bearing up to 55% of the costs of President Trump's tariffs, contradicting claims that trading partners would pay. Despite tariffs aimed at boosting domestic manufacturing, consumer prices have been rising monthly since April, with potential increases ahead, and some businesses may be temporarily shielding consumers from higher costs.

via The Daily Beast|
#business#consumer-costs#goldman-sachs