Silver State Times

Nevada natural gas prices have climbed by 18.8% in just one month. 

The state has the seventh cheapest cost of natural gas in the country, according to a Choose Energy report. 

In an Oct. 15 statement, American Exploration and Production Council CEO Anne Bradbury said, "By pursuing policies that restrict supply and make it harder to produce oil and natural gas here in America, Americans will have to pay more for their energy," criticizing the Biden administration’s energy policy, according to the Washington Examiner.

Steven M. Teles, Samuel Hammond and Daniel Takash authored a September 2021 paper wherein they acknowledge that while “(s)oaring costs have blown a hole in the budgets of the working and the middle classes, offsetting the full benefits of a growing economy” some of the solutions proposed by progressive politicians such as “simply socializing the costs and blowing an equally large hole in the federal debt is not a sustainable alternative.” 

Teles, Hammond and Takash found that “the root cause of escalating costs is overwhelmingly regulatory, rather than budgetary,” and that “shifting costs onto the public would not only fail to fix the underlying problem; it could also make cost disease substantially worse” resulting in a “vicious cycle in which subsidies for supply-constrained goods or services merely push up prices, necessitating greater subsidies, which then push up prices, ad infinitum.”

“Natural gas market prices are higher due to the economic recovery from strong natural gas demand from last winter, along with slower than anticipated production this year,” Richard Meyer, vice president, energy markets, analysis and standards at the American Gas Association, said, The Daily News reported.