US: Coal prices high over 12 years

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Coal prices in the US have climbed to a high of more than 12 years, threatening to further inflate the already increased energy bills paid by American households, according to Bloomberg.

Prices for coal from central Appalachian climbed more than $ 10 last week to $ 89.75 a tonne in the spot market, according to data released today by S&P Global Market Intelligence. This is the highest level since 2009. Prices in other parts of the US are at lower levels, although they have risen in recent months.

Higher coal prices – following rising gas prices – mean consumers will pay more on energy bills this winter. An energy company, including Duke Energy Corp. and Xcel Energy Inc. warn their customers that their winter bills may be up about $ 11 a month this year.

This further burdens households that have seen costs also rise in food, housing and cars, leading to inflation in October. largest annual jump since 1990.

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