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Government Forecasts Record-High Home Heating Costs This Winter

Originally posted on CBS Boston:

BOSTON (CBS) – The prediction of a colder winter than last year means heating your home is going to cost more. In fact, a new government forecast predicts you could end up spending a record-high.

The report by the US Energy Information Administration details just how much consumers can expect to spend on heating this winter.
Oil customers are expected to have to shell out a record-high average of $2,544 for the winter, according to the report. The estimate is about $450 more than oil customers paid last winter.

Natural gas customers are also expected to have to take a hit with the predicted colder weather.

In the Northeast, the average cost to heat your home with natural gas this winter is expected to be around $1,031. That’s a $200 increase from last year’s mild winter.

About 32 percent of people in the Northeast rely on oil heat, and about…

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December 2012
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