The U.S. natural gas price has seen an upward trend since April 2024, with record amounts of natural gas being sent abroad as liquefied natural gas (LNG). The U.S. Energy Information Administration predicts that LNG export capacity will double by 2029, leading to higher costs for American consumers. The expansion of natural gas-fired power plants by American utility companies has caused natural gas consumption and prices to rise, making natural gas the leading fuel for electricity generation in the United States. This increase in consumption spells trouble for American consumers in terms of rising energy costs.

Read more at Yahoo Finance: The U.S. LNG Boom Could Make Energy More Expensive for Americans