Households will pay more for energy because of Trump’s policy changes, think tank says

Households in the central United States are set to experience higher energy costs through 2040 due to policy changes since President Donald Trump assumed office, according to an analysis from a nonpartisan think tank. This annual subscription will be $205.00 + GST for a year, with automatic renewal at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35).

The study predicts households will pay an average of $6,500 more for energy, cumulatively through 2040. Notably, households in five states—Oregon, Mississippi, South Dakota, Virginia, and Wyoming—will face approximately $9,000 more in energy costs. The think tank attributes this to increased demand for natural gas for electricity production, as the administration cancels new clean energy projects, and higher demand for gasoline for transportation due to the revocation of policies promoting efficient and low-emission vehicles.

Electricity bills are already surpassing inflation rates in various regions, a factor exacerbated by data center demands. The Iran war has also led to significant hikes in oil and gasoline prices. President Trump argues that his energy policies will reduce household bills, while the White House spokeswoman asserts lowering electricity prices remains a priority.

Critics, however, claim that the policies favor fossil fuels over clean energy solutions, potentially exacerbating the affordability crisis and leading to job losses in 47 of 48 states and a GDP loss in 46 states. The analysis did not consider Alaska or Hawaii due to the unavailability of key federal data for those states.