Surging fuel costs are about to inflict more pain on consumers, this time in the form of rapidly rising electricity bills.
Power prices are being pushed up across the U.S., with increases sometimes soaring into double digits, due to costlier coal and natural gas, the fuels used to make 70% of the nation's electricity.
It usually takes awhile for fuel-price swings to show up in electricity bills because utilities typically buy most of what they need under long-term arrangements. As older contracts expire, though, utilities are facing the reality of higher costs.
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