The U.S. Energy Department on Aug. 29 announced Arizona’s launch of its first Home Energy Rebates Program established by the 2022 Inflation Reduction Act, or IRA. The first state to initiate the program was New York, which announced the program on May 30. The launch is part of a wider national initiative to deliver $8.8…...
In 2022, U.S. consumer spending on energy surged by 22 percent compared to 2021, exceeding $1.7 trillion after adjusting for inflation, according to an Aug. 28 report published by the U.S. Energy Information Administration. The increase was driven by higher U.S. energy prices, particularly higher petroleum prices for transportation. Petroleum and natural gas prices were…...
The U.S. retail price for all types of regular gasoline averaged $3.31 per gallon (gal) on Aug. 26, down 13 percent compared to the same time last year, ahead of the Labor Day weekend, according to an Aug. 29 report published by the U.S. Energy Information Administration. Lower gasoline prices heading into the holiday weekend…...