Energy sticker shock
Middle-class and poor consumers are being hit with a triple whammy of energy increases: gas bills, home heating fuel bills and utility bills.
Projected oil heating costs and the anticipation of high winter heating bills is causing a near panic among members of Congress, governors and advocates nationwide to provide assistance funds as energy costs skyrocket. It's not just low-income families who are going to be struggling, but also the middle class. The question is: Will everyone get help?
"The Takeaway's" John Hockeberry and Adaora Udoji talk to Mark Wolfe, Director National Energy Assistance Directors Association.
Wolfe predicts an average cost of $2800 to heat a home with home heating oil -- that's up $1000 from last year.
Congress is looking at doubling the size of the Low-Income Home Energy Assistance Program -- which helps about 6 million families -- not just for the coming year, but also to add another 2.5 billion dollars to this year's funding.
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