Many folks will also see their electricity bills rise this winter because NatGas generators power a large percentage of the country's grid. This is a double whammy for hundreds of millions of Americans ahead of the midterm elections in about a month -- as Democrats scramble to find solutions to tame the energy crisis. 

From the blowing up of the Nord Stream pipeline system in the Baltic Sea (in NATO's backyard) to reduced Russian NatGas flows to Europe to soaring US liquefied natural gas (LNG) exports to Europe, NatGas markets will be very tight everywhere this winter. 

"With US gas storage finishing this summer well below average levels, and lower than what we expected previously owing to strong power burns, we believe there is a mispricing of this upside risk to gas prices in the near-term," Goldman Sach commodity analyst Samantha Dart wrote in a note to clients last month.