- surge /surj/
- labor /LEY-ber/
- soar /sawr/
- interest /IN-ter-ist/
- maintain /meyn-TEYN/
[verb] – to increase suddenly and strongly
The taxi fare surged from $12 at 4:00 p.m. to $20 after 5 p.m. because of the rush hour.
[noun] – work, especially hard physical work
The new town hall will require many hours of labor.
[verb] – to rise very quickly to a high level
The TV show’s ratings soared from 4% in the first episode to 20% in the last.
[noun] – money that is charged by a bank or other financial organization for borrowing money
Lower interest rates will directly impact the bond market.
[verb] – to express firmly your belief that something is true
The man maintains that he paid all his taxes.
Natural gas is abundant in the US, but prices have doubled this year from coronavirus-related dips partly because the country was not able to stockpile enough last winter. According to EIA’s forecasts, households that use propane – mainly in the South, the Northeast, and Midwest, United States- will spend $631 more for heating this winter. Additionally, users of heating oil could expect to pay $1,734 more. Prices in both cases would be significantly higher if the winter is colder than average. The gas hike will be hitting many cities such as Chicago, which depends heavily on central heating in the winter season. Meanwhile, supply chain issues and labor shortages contribute to US inflation. The prices of meat, cars, clothing, gasoline, and appliances have all soared. Some believe the US Federal Reserve will have to raise interest rates soon to control prices, but the central bank maintains that the recent spikes will soon pass.
- When was the last time energy prices surged in your country?
- How do households in your country keep warm during winter?
- If you were a US citizen, what steps would you take to help reduce your heating costs?
- Do you think buying energy-efficient appliances is a good way to save money?
- As humans, why do you think it is important for us to take care of natural resources? (water, air, natural gas)