Home Heating Costs To Rise 15% This Winter

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The average U.S. household will spend some 15% more on home heating fuels this winter than last, with households that use heating oil and natural gas facing the biggest increases, according to the Energy Information Administration (EIA) of the U. S. Department of Energy (DOE).

Householders are expected to pay $1,137 on average in the period October 1 to March 31, versus $986 for the period last year.

Households heating primarily with natural gas are expected to spend an average $155 or 18% more than last winter. Those who use heating oil can expect to pay some $449 or 23% more this year. Households heating with propane are likely to see an 11% increase or $188 more than last year. Households with electric heat will see their costs increase some 10% or an $89 more on average.

The increases come primarily from higher prices, however the EIA expects colder weather this year will contribute to higher fuel use in many areas.

According to the most recent projection of heating degree-days from the National Oceanic Atmospheric Administration (NOAA) the lower 48 states are forecast to be 2.4% colder this winter compared to last, but 1.7% warmer than the 30-year average. However, heating degree-day projections vary widely for various regions of the U.S.

See the most recent Short Term Energy Outlook here.