Heating Costs Expected to Jump 9.2 Percent This Winter

Heating costs expected to jump 9.2 percent this winter

A new report projects that home heating costs will rise by 9.2 percent this winter, with colder temperatures and increasing energy prices playing a role.  The report from the National Energy Assistance Directors’ Association (NEADA), which represents state governments in securing federal funding, projects that households will spend $995 on heating this winter, an increase...

An increase in heating expenditure forecasts due to colder winter weather

Colder-than-expected winter weather is likely to raise heating costs across much of the United States, according to updated forecasts from the U.S. Energy Information Administration (EIA). As winter temperatures trend lower than earlier projections, farmers, ranchers, and rural households should prepare for possibly higher energy expenditures during the November through March heating season. These increased costs may affect not only home heating…