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But most Americans fear tariffs will also push energy prices higher, according to a new survey fromPayless Power.
Here are some more details on the study and how energyprices could be impacted by tariffs.
Are Energy Costs Rising?
These states reported the highest average increase in their energy bills.
More than one-third (36%) said theyre afraid tariffs will make paying their electricity bills more difficult.
How Tariffs Are Impacting Energy Prices
These fears are not unfounded.
Trump later exempted certain imports covered under the U.S.-Mexico-Canada Agreement.
An analysis fromStanwich Energywarned that thesetariffs could cause prices to increaseand harm reliability and trade relationships.
Similar fears were raised by Joseph Curtatone, president of the Alliance for Climate Transition.
During these hours, tariffs could increase wholesale electricity prices by up to 30%.
These costs disproportionately affect working families and small businesses that are already struggling with high energy costs.
First,they could lead to higher consumer costs.
Heating and electric costs in colder states could go up if Canadian suppliers pass along tariff costs.
Additionally, prices for natural gas could go up.
This, in turn, could lead to higher utility costs for consumers.
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