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E.J. Antoni: U.S. utility prices down 1.5% since Iran war began

E.J. Antoni: U.S. utility prices down 1.5% since Iran war began
U.S. utility prices fall amid surplus

E.J. Antoni points out that the U.S. currently has an abundance of natural gas but lacks sufficient export facilities to send more of the product to Europe. As a result, utility prices for consumers in the U.S. have decreased by 1.5% since the Iran war began.

Antoni further suggests that if oil production had been increased during the Biden years, the economic situation could have improved even more.

Antoni has recently tracked shifts in key economic indicators. In April, he reported that the Dallas Fed trimmed mean PCE inflation rate edged down to 2.3%. He has also observed that jobless claims have remained below last year's levels despite recent increases.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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