Mastodawn

"Electricity bills rose 13% last year, with 14 million people – one in 14 households - facing utility debt so severe they will be sent or soon will be sent to collections.

[Meanwhile] electric utilities raked in $244 billion in profit from household bills between 2021-2025 – roughly 13% of total consumer bills went to corporate profits over that time."

From that communist rag, Forbes
https://www.forbes.com/sites/energyinnovation/2026/03/22/utilities-pocket-244-billion-profit-as-energy-affordability-crisis-hits-americans/

Utilities Pocket $244 Billion Profit As Energy Affordability Crisis Hits Americans

New analysis shows investor-owned utilities raked in "excessive" profits as energy affordability crisis pushed up America's energy bills.

Forbes

Show thread

CelloMom On Cars 1d ago

"When Americans pay $3.50 for a gallon of gas at the pump instead of the $2.80 they paid a month ago, it is akin to the government imposing a 70-cent-per-gallon tax. The same goes for higher prices for home heating oil and fossil gas. They’re the same as a major tax increase.

The big difference is that instead of the money going to the government, as it would with a tax, it’s going to the oil and gas industry—Trump’s campaign contributors."

https://themoneytrail.substack.com/p/on-the-money-who-really-benefits

On the Money: Who Really Benefits from High Oil Prices?

Without a windfall profit tax on the oil and gas industry, U.S. consumers will get stuck with the bill

Money Trail

Show thread

CelloMom On Cars

"Economists now expect slower growth this spring and for the year as a whole, as dollars that are spent on gas are less likely to be used for restaurant meals, new clothes, or entertainment.

Lower and middle-income households are likely to be hit particularly hard, because they receive lower refunds, while spending a greater proportion of their earnings on gas.

Hiring is nearly at a standstill."

https://apnews.com/article/trump-tax-refunds-gas-prices-859494e746561a3343dcd57836c3dc83

Higher tax refunds will likely be used to offset rising gas prices

Spiking gas prices in the U.S. are on track to eat up tax refunds this year, leaving most Americans with little extra to spend. Oil and gas prices have soared since the start of the Iran war. The nationwide average price of gas is $3.94 a gallon, up nearly a dollar from just a month earlier. Gas prices are likely to remain elevated for some time, even if the war ends soon, because shipping and production have been disrupted and will take time to restore. Economists now expect slower growth this spring and for the year as a whole,.

AP News