This ‘hidden’ price of oil is going to hit your electric bill next
Oil price impacts may increase electric bills.
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investors are betting on peace in the middle east, pushing oil prices lower. but a key shipping cost for oil, the "aframax" tanker rate, has quietly tripled since october. that's because attacks in the red sea are forcing longer voyages around africa, tying up tankers. those higher transport costs eventually get passed on to utilities and, ultimately, your electric bill.
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