Biden's next energy crisis: How rising natural gas prices could hit voters just in time for midterms

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With U.S. natural gas prices at close to $9 per million British Thermal Units and climbing, the United States faces the prospect of double-digit gas prices for the first time since the beginning of the hydraulic fracturing boom more than a decade ago.

said Raoul LeBlanc , an analyst at S&P Global.

"All those factors are coming together to push gas prices in one direction," LeBlanc said."If supply continues to not show up, price has to come up to reduce demand. That's an ugly story and would certainly push gas prices into double digits." to increase U.S. exports of liquefied natural gas,to help break Europe's dependence on Russian natural gas.

 

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