Americans are already being told to take steps to better manage their home heating costs this winter as officials project an across the board increase in fuel prices
The National Oceanic and Atmospheric Administration expects a slightly colder winter this year than last year, meaning heating fuel prices will likely rise as Americans use more energy. Recently, the U.
S. Energy Information Administration forecasted that many households across the U.S. are likely to spend more on energy this winter compared to recent years. The EIA expects natural gas will rise by 28%, heating oil by 27%, electricity by 10%, and propane 5% from October–March."Higher forecast energy expenditures are the result of higher fuel prices, combined with higher heating demand because of a forecast of slightly colder weather than last winter," the EPA said in its report. Jared Sailer helps clear the roads and sidewalks in his neighborhood during a snowstorm in Toledo, Ohio,, Feb. 3, 2022. Consolidated Edison Inc., which provides energy for roughly 10 million people who live in New York City and Westchester County, started warning consumers as early as September "to take actions now that can this winter as market prices for electricity and natural gas are expected to be substantially higher."
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