biden regime claims home heating costs will be 27% higher this year--when futures prices are 70% higher

Americans are facing much higher heating costs this winter, as the price of natural-gas and heating oil both look to post their largest yearly percentage gain in 17 years.

The "Energy Information Administration" claims U.S. households that use natural gas for heating will spend 28% more than last winter.

But this is odd because natural-gas futures are 73% higher than a year earlier.  In August the price of natural gas reached a 14-year high.  Maybe "futures" prices have no connection with real future prices.

Yeah, dat's it.

The EIA says households that heat with oil are expected to spend 27% more than last winter.

But then a paragraph later MarketWatch says "Futures prices for heating-oil are up almost 69% this year"--way more than 27%, eh?  Again, maybe futures prices are totally un-coupled from actual, y'know, actual future prices. 

Yeah, dat's it.

Okay, I know real future prices often don't match "futures" prices, which are a bet on what will happen months ahead.  But they're usually pretty close.  If so it means the EIA's predictions of heating costs being 27% (oil) or 28% (natural gas) higher this winter are gonna be WAY off, since futures prices are 69% or 73% higher.
 
Now, no one would be surprised if uncertainty about future events pushed futures prices above real future prices.  But 73% vs. 28% ??  And 69% vs. 27% ?? Something is badly off.

Say, you don't suppose the Deep-Staters who run the EIA would deliberately lowball their forecast of the bidenflation penalty to avoid making Porridgebrain and his party look bad just before the midterm elections, do ya?

Nah, that's just crazy-talk.  Tinfoil-hat stuff.  Next you'll be telling us the biden regime ordered Americans to take the ineffective jab or be fired or somethin'. 

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