These households could spend more to heat their homes this winter, federal outlook says
The U.S. Energy Information Administration (EIA) projects a divided winter for home heating costs. Households using heating oil face the steepest increase, with expenditures forecast to rise 21% to an average of $2,115 from November through March. Electric heating costs are expected to increase by 4% to about $1,196. Conversely, users of natural gas and propane are projected to spend less, with gas expenditures dropping 9% to $640 and propane dropping 3% to $1,246. A tight global diesel market is driving the oil price surge, particularly affecting the Northeast.
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- ✓ Heating oil expenditures are forecast to rise 21% to an average of $2,115 from November through March.
- ✓ Natural gas users are expected to spend 9% less, averaging $640.
- ✓ Propane heating costs are projected to decrease by 3% to about $1,246.
- ✓ Electric heating costs are forecast to rise 4% to approximately $1,196.
What changed
The EIA released its Winter Fuels Outlook detailing specific expenditure forecasts and percentage changes for four major fuel types.
Live updates
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EIA Forecasts Higher Heating Costs for Oil and Electric Households
The U.S. Energy Information Administration (EIA) projects a divided winter for home heating costs. Households using heating oil face the steepest increase, with expenditures forecast to rise 21% to an average of $2,115 from November through March. Electric heating costs are expected to increase by 4% to about $1,196. Conversely, users of natural gas and propane are projected to spend less, with gas expenditures dropping 9% to $640 and propane dropping 3% to $1,246. A tight global diesel market is driving the oil price surge, particularly affecting the Northeast.
Why it matters
Energy costs vary based on fuel type and geographic location, with colder regions in the Midwest and Northeast typically seeing higher bills. These projections help households plan budgets and determine if they need energy-saving measures. Federal heating aid is reported to remain flat despite these rising costs.
What is confirmed
- Heating oil expenditures are forecast to rise 21% to an average of $2,115 from November through March.
- Natural gas users are expected to spend 9% less, averaging $640.
- Propane heating costs are projected to decrease by 3% to about $1,246.
- Electric heating costs are forecast to rise 4% to approximately $1,196.
- A tight global diesel market is increasing heating oil prices.
Still unconfirmed
- Average heating expenditures could rise about 17% from last winter, with natural gas users facing the largest jump.
- Heating oil users may face bills up to 35% higher this winter.
What to watch next
- Updates to federal heating aid funding levels.
confidence 95%Sources used for this update (25)
- Reuters — EIA expects gas, propane-heated US homes to spend less this winter
- www.cnbc.com — Heating oil costs are surging. What households can expect ...
- finance.yahoo.com — Home heating oil costs rising 21% this winter, EIA says
- U.S. Energy Information Administration (EIA) (.gov) — Mixed outlook for energy expenditures this winter
- www.foxbusiness.com — Winter heating bills could fall for many Americans – while ...
- The Hill — These households could spend more to heat their homes this winter, federal outlook says
- WFSB — Lamont, Fazio address rising home heating oil costs
- marketplace.org — Here's where home heating will cost more this winter
- dailycaller.com — Families Who Heat With Oil Face The Steepest Winter Bill ...
- jen.jiji.com — Foreign media on Kazakhstan: Belgian royal visit puts Kazakhstan in the global spotlight
- congress.net — Federal Report Warns Heating Oil Users Face Bills Up To 35% ...
- www.wavebrowsernews.com — These households could spend more to heat their homes this ...
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