Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
The Real Cost of Keeping the Lights On
With WTI crude holding near ninety-one dollars and gasoline prices stubbornly hovering around four dollars, we are looking at a strange dislocation in the energy market. This week, we explore why your electric bill is rising even as oil volatility shakes out. We break down the specific mechanics of how power plants burn natural gas to set marginal electricity prices, and why that creates a hidden tax on households during peak summer demand. It is not just about crude oil anymore; it is about the thermodynamic reality of the grid transition.
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