'First high gas prices, now water. A shocking new report about the nation's crumbling drinking water system says that Americans should expect their bills to double or triple to cover repairs just to keep their faucets pouring.

That means adding up to $900 a year more for water, nearly equal the amount of the newly extended payroll tax cut.Fixing and expanding underground drinking water systems will cost over $1 trillion in the next 25 years and users will get socked with the bill, according to the American Water Works Association.'

Read more: More Bad News: U.S. Water Bills to Triple