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Consumers Socked by Over $500 Billion Increase In Household Energy Bills During Last Four Years
WASHINGTON - September 14 - American consumers have been hit by an average $1,000 increase in their annual household energy bills during the past four years, draining more than $500 billion from the economy, a new report from Consumers Union and Consumer Federation of America shows. Much of these higher prices are due to unchecked consolidation in the oil and gas industry, which has resulted in a lack of competition and increased profits – close to $100 billion – for oil and gas companies since 2000............
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