While energy poverty is an issue that has a global impact, energy insecurity is a more common problem in the U.S. than most realize. Energy poverty impacts areas of the world where access to modern energy does not exist while energy insecurity impacts households who cannot afford to pay for household energy. The Energy Information Administration (EIA) is a government agency responsible for analyzing energy information and disseminates the information through studies making the findings relevant to the American consumer.
October is here! As we begin the month, fall is in full swing with temperatures in the….80s?? As summer temperatures continue to linger on, we start to wonder about the winter forecast. While it is only a prediction, the National Oceanic and Atmospheric Administration (NOAA) is predicting a warm winter.
The week is upon us that the U.S. will impose the first round of sanctions on Iran. President Trump signed an executive memorandum in May to withdraw from the Iran nuclear deal, but that signature also began the countdown on a 180-day time frame to again impose the once relaxed sanctions.
Your Uber or Lyft driver is covered by insurance, but are you? Actually, have you ever really stopped to think about it? The emergence of ride sharing companies have invaded traditional taxi markets, and their popularity is steadily continuing to grow. The ease of accessibility provided by companies like Uber and Lyft have people jumping into a stranger’s car with only their final destination on their mind.
Gas prices are rising to record levels as the summer travel season is upon us. With higher gas prices, “the EIA says the average U.S. household will spend an additional $190 to keep their cars’ gas tanks filled this summer.” As evidenced in 2008, when gas prices rise, consumers start to change their buying behavior. Currently, American consumers are not seeing the $4 per gallon levels of 2008 but will make small changes in their lifestyles to compensate for the increased prices. Some consumers will cancel their summer vacations, but economists expect to see smaller, less drastic changes in discretionary spending. For instance, when a consumer pays more at the gas pump, they would be less likely to purchase items in convenience stores.