It's been a brutal stretch for U.S. homeowners' utility bills. According to the U.S. Energy Information Administration (EIA), electricity prices are lingering close to the two-decade high of $16.31 per kilowatt hour set in September 2022. EIA also reports that natural gas prices set a February record high of $15.20 per thousand cubic feet in 2023, after reaching an all-time record $25.52 in August 2022.
When you take inflation among other staple goods into account, it all adds up to a hefty burden on Americans' budgets. Some are taking drastic measures to save money, even switching up their housing at a time of high mortgage rates and home prices.
