Energy costs related to running all forms of utilities have seen a major reduction across the board as oil prices have plummeted 70 percent over the last 18 months.
Consumers of everything from water, natural gas, storm drains, etc., should be reaping welcomed relief on their bills. Instead, municipalities, utilities, and material providers are dragging their feet, in some cases still adding a “fuel surcharge” in their billing formula.
Every utility customer of power companies and cities needs to be asking their providers when those bills will be reduced and will there be a rebate reflecting the windfall associated with the fall in prices?
Because of the latest generation of “fracking” technology allowing for fast start, fast stop drilling to market response and OPEC’s individual members’ unwillingness to lose market share as Iran wedges back into the market, prices for raw crude will (not should) remain low indefinitely.
We expect relief as consumers. We trust they will provide it.
