Prepare for Painful Utility Bills, Gas Station Visits This Summer

While brutal pump prices are dominating the headlines, consumers also are absorbing rapidly escalating utility bills.

expensive utility bills
(Image credit: Getty Images)

A perfect storm has hit energy markets, and consumers are paying the price. And while pain at the pump has received most of the attention in recent months, consumers are also starting to shoulder heavier utility bills now that the summer is hitting full stride.

Unfortunately, there just isn't any relief in sight, unless the economy slides into recession.

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Jim Patterson
Managing Editor, The Kiplinger Letter

Jim joined Kiplinger in December 2010, covering energy and commodities markets, autos, environment and sports business for The Kiplinger Letter. He is now the managing editor of The Kiplinger Letter and The Kiplinger Tax Letter. He also frequently appears on radio and podcasts to discuss the outlook for gasoline prices and new car technologies. Prior to joining Kiplinger, he covered federal grant funding and congressional appropriations for Thompson Publishing Group, writing for a range of print and online publications. He holds a BA in history from the University of Rochester.