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IPFS News Link • Energy

Brace For Price Shock: Americans' Heating Bills To Soar Up To 50% This Winter

• https://www.zerohedge.com by Tyler Durden

That is about to change because as the Energy Information Administration warned this week, much higher heating bills are coming this winter.

According to the IEA's October winter fuels outlook (pdf), nearly half of U.S. households that warm their homes with mainly natural gas can expect to spend an average of 30% more on their "multi-year high" bills compared with last year. The agency added that bills would be 50% higher if the winter is 10% colder than average and 22% higher if the winter is 10% warmer than average.

The forecast rise in costs, according to the report, will result in an average natural-gas home-heating bill of $746 from Oct. 1 to March 31, compared with about $573 during the same period last year.


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