Supply chain expert: Energy costs could be up this quarter
The upcoming fall season has prompted many people to think about heating their homes, but energy costs continue to be a burden for families. A local professor at RIT predicts a potential 34-40% increase in energy prices in the next quarter, citing factors such as the service industry's heavy energy usage and an increase in fuel prices. more
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Frequently Asked Questions
Supply Chain Expert: Energy Costs Could be Up this Quarter - FAQ
1. What is the Consumer Price Index (CPI) and how does it measure the average change in prices paid by consumers?
Answer: The CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods. It helps track inflation and understand cost-of-living adjustments. For more information, you can refer to the U.S. Bureau of Labor Statistics' CPI FAQ page:
2. Is there a list of financial companies that boycott energy companies in Texas?
Answer: Yes, Texas Comptroller Glenn Hegar has announced a list of financial companies that boycott energy companies. This release is in response to elevated energy costs, global instability, and supply chain bottlenecks faced by Texans. You can find more details in the news release:
3. How much coal, natural gas, or petroleum is used to generate a kilowatthour of electricity?
Answer: The U.S. Energy Information Administration provides frequently asked questions on various energy-related topics, including information about the usage of coal, natural gas, and petroleum for electricity generation. You can find more details on their FAQ page:
4. How does geothermal energy work?
Answer: The Department of Energy's Geothermal FAQs page provides answers to frequently asked questions about the use of geothermal energy. This can help you understand the basics of geothermal energy and its applications:
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