Electricity Prices Are Starting Their Spike

Gasoline prices draw most of the attention, but it is electricity costs that are really beginning to hurt American households and businesses. The Average U.S. electricity price, according to a study by the Labor Department charted on the website of the St. Louis Federal Reserve, rose by 50% in the five years from the end of 2020 to the end of 2025, with a spike in 2022 and then another in 2024-25.