Prices for water are predicted to go up as the risk for water scarcity also rises.
Many factors go into the predicted rise of water prices, one reason being that water reliant industries such as oil drilling have been using water increasingly, causing a decrease of the liquid across the country.
In some water-lacking places in the United States, hydraulic fracking can use up to half of local water supplies. This practice not only depletes the community of water but also often creates competition between the energy industry and agriculture.
Additionally, droughts in the Southwestern states have caused trouble for water companies as they now have to buy their supply from elsewhere.
These shortages have lead to an overall increase of water costs that have, according to Banyan Water, “No end in sight..”
On the other hand, Water Environment & Reuse Foundation research manager Justin Mattingly told PBS that the country’s old infrastructure is the main reason for price increases.
This fact has not gone unnoticed by politicians who, this past January, spent $36 billion on adjustments for drought, flooding and other climate change-based shifts to water systems.
All of these facts presented make room for theories that water
rises will rise such as gas prices have, and consumers might not be too far off with that assumption according to reliable researchers.