How Did Russia's War On Ukraine Drive Up U.S. Energy Bills?

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Vehicles drive past a sign on the 110 Freeway warning of extreme heat and urging energy conservation during a heat wave in downtown Los Angeles, California on September 2, 2022. PATRICK T. FALLON/AFP via Getty Images hide caption

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PATRICK T. FALLON/AFP via Getty Images

Vehicles drive past a sign on the 110 Freeway warning of extreme heat and urging energy conservation during a heat wave in downtown Los Angeles, California on September 2, 2022.

PATRICK T. FALLON/AFP via Getty Images

European utilities, which used to purchase lots of natural gas from Russia, are buying from the United States instead. That has driven power costs higher at home — and could become politically relevant as the U.S. heads into the colder months.

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