Heating Bills Expected to Rise This Winter
iStockphoto/Thinkstock(WASHINGTON) — As the temperature falls, heating bills are expected to rise. The Energy Department released its annual Winter Fuels Outlook Wednesday, and according to EIA Administrator Adam Sieminski, “It is going to be colder than last year, we think, and as a result of that, fuel bills are going to be higher.”
Colder weather will force homeowners to crank up the heat. If you heat with oil, your bill could be 19 percent higher. Natural gas customers are expected to pay 15 percent more, and propane customers can expect their bill to go up by as much as 13 percent.
The average bill will be nearly $2500 dollars this winter, a record high.
Copyright 2012 ABC News Radio
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