Prepare for Higher Heating Bills this WinterThis winter's weather is forecast to be a little milder than last year's, but many Americans will get a cold chill when they open their heating bills. So set aside a little extra cash now: The Energy Information Administration projects that average household spending will increase 3% for natural gas, 7% for propane and 8% for heating oil from Oct. 1 through March 31, compared to last winter.

According to the EIA's Short-Term Energy and Winter Fuels Outlook, those who heat their home with oil will see their bills go higher than they have in any previous winter. Folks in the Northeast, where 80% of households rely on heating oil, will bear the brunt of the price hike. The EIA projects residential heating oil prices will average $3.71 a gallon, 33 cents more than last year.


If your heating bills go up this winter....
I\'ve winter-proofed my home, so that should help.720 (34.1%)
I\'ll use my credit card.56 (2.6%)
I\'ll tap savings.245 (11.6%)
I\'ll be in trouble, I have no savings.1093 (51.7%)

There's a little bit of good news, though, for those whose heating systems run on electricity: They can expect to pay about 1% less this year, according to the EIA.

In fact, fuel prices are projected to show increases a bit sharper than our bills: Natural gas, up 4%; propane, up 7%; heating oil, up 10%. And electricity prices are expected to be 1% higher. But that slightly milder winter weather -- predicted in the Northeast, South and Midwest -- means you'll use a bit less energy to keep the cold at bay. The West is the exception: That region is forecast to be 3% colder than last winter.

Current inventories of fuel oil and natural gas are above the recent historical average, which could temper bills if it turns out Old Man Winter is crueler than expected. Propane stocks are at relatively low levels, but there should be enough to meet potential demand increases or compensate for supply disruptions.



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cherry

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December 30 2011 at 12:58 AM Report abuse rate up rate down Reply
nthereoff

Start to drill for oil and gas here in America. Until 90 per-cent of cars and homes run on green power.I don't see no other way.

October 20 2011 at 10:13 AM Report abuse rate up rate down Reply
lem63

Shoot them all they are killing our familys with there bs

October 19 2011 at 9:05 PM Report abuse rate up rate down Reply
marine1942

No problem--just call that Kennedy kid and he will have Hugo Chazes send some up to you

October 19 2011 at 4:43 PM Report abuse +1 rate up rate down Reply
jimandmars

I understand there is an abundance of gas creating surplus which the suppliers want to export overseas. Then
reading that we can expect higher heating bills this winter does not make much sense. Seem like we would use
the excess to lower heating bills in this country. Congress get off your dead asses and start legislating for the good
of the American people instead of your own pocket books.

October 19 2011 at 3:28 PM Report abuse -1 rate up rate down Reply
muenft

Obama and his hand maidens,the epa, are putting as many roadblocks to finding more oil and gas as they can. He has vowed to bankrupt the coal industry and is working on the oil and gas industry. China and others are buying up and drilling for all the petroleum they can get while the united state cripples our own industry. The simple solution is to vote the democrats OUT and get somone in there that will let us use our own resources so we are not held hostage to the arabs or anyone else..its just that simple.

October 19 2011 at 11:27 AM Report abuse +1 rate up rate down Reply
billcac

Every day we hear of new gas and oil fields discovered in the United States. What price increases mean in that context is, people don't want to freeze so get what you can. Who said there isn't any more Mofia?

October 19 2011 at 10:08 AM Report abuse +1 rate up rate down Reply
daballofire

The Messiah will take care of everything for you, including those pesky heating bills, but only if you vote for him in 2012. Otherwise you will die and possibly regret if you are alive, voting for someone else less than godly. If you are already dead, you will be voting of him, the one you just couldn't wait for oh so long, no matter what..

October 18 2011 at 1:26 PM Report abuse rate up rate down Reply
johndson

Question - What is the most told lie on earth?
Answer - The cost of energy is driven by supply and demand.
So WHY do we still accept it? Why are we STILL repeating it??
If, as we are told everyday, that the US "is the Saudi Arabia" of natural gas, and that we have enough of this stuff to sustain us for hundreds of years into the future, AND that it is here, available, burns cleaner, and much cheaper than oil, then why is the unused and unsold natural gas for the upcoming winter, ALREADY going to cost MORE?? Simple, the same greedy, lying crooks that control oil, and oil pricing, have already postioned themsleves to CONTROL natural gas. The law of supply and demand works this way - They OWN the supply, so they can DEMAND any price THEY set for it. Bend over America, this is another of "our natural resouces" that WE will have to PAY UP FOR!

October 18 2011 at 10:26 AM Report abuse +1 rate up rate down Reply
1 reply to johndson's comment
dabrownman

The cost of oil is set by the mostly Arab Islamic Oil Cartel that controls most production and the price of crude..

October 18 2011 at 5:45 PM Report abuse +1 rate up rate down Reply
mikemmoselle

How in hell can idiots blame Obama for the thieves in the oil companies. The same companies the GOP protects at every turn.

October 18 2011 at 9:14 AM Report abuse +1 rate up rate down Reply
1 reply to mikemmoselle's comment
dabrownman

The price of oil is set by the mostly Arab, Islamic, OiL Cartel that controls oil production to keep prices as high as possiblke. Oil companies buy oil from them resulting in the high price, of refined oils of all kinds.

October 18 2011 at 5:49 PM Report abuse rate up rate down Reply