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The global energy crisis has led to a spike in natural gas, heating oil, propane, and power prices, making the cost of heating a home this fall/winter very expensive. As a result, Americans are panic buying cords of wood and stoves to deflect soaring fossil fuel prices.
Bloomberg spoke with US firewood vendors who said sales are booming ahead of winter. They reported the price of a cord of wood is skyrocketing.
At Firewood By Jerry in New River, Arizona, a cord of seasoned firewood — roughly 700 pieces or so — goes for $200 today. That’s up 33% from a year ago. At Zia Firewood in Albuquerque, the price is up 11% since the summer to $250. And at Standing Rock Farms in Stone Ridge, a bucolic, little town in the Hudson Valley that’s become popular with the Manhattan set, the best hardwoods now fetch $475 a cord, up 19% from last year. – Bloomberg
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Learn More: https://www.zerohedge.com/commodities/americans-panic-buy-firewood-and-stoves-amid-rapid-energy-inflation
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