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Soaring Energy Prices Raise Concerns About U.S. Inflation, Economy

Mount Equity Group Tokyo, Japan > News > Markets > Soaring Energy Prices Raise Concerns About U.S. Inflation, Economy

The U.S. economy is facing a new threat: rising energy prices.

Crude oil has risen 64% this year to a seven-year high. Natural-gas prices have roughly doubled over the past six months to a seven-year high. Heating oil has risen 68% this year. Prices at the pump are up nearly a dollar over the past 12 months to a national average just over $3 a gallon. Coal prices are at records.

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