BLOOMBERG:
By Jim Snyder
U.S. households that use heating oil will face record prices this winter as weather forecasters predict colder temperatures in the Northeast that will drive up demand, according to a government report.
The Energy Information Administration, which tracks and analyzes energy data, projects households will spend 19 percent more on average for heating oil and 15 percent more for natural gas from Oct. 1 to March 31, the period covered in its short- term energy and winter fuels outlook released today.
“It is going to be colder than last year and as a result of that, heating bills are going to be higher,” said Adam Sieminski, administrator of EIA, in Washington today.
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By Jim Snyder
U.S. households that use heating oil will face record prices this winter as weather forecasters predict colder temperatures in the Northeast that will drive up demand, according to a government report.
The Energy Information Administration, which tracks and analyzes energy data, projects households will spend 19 percent more on average for heating oil and 15 percent more for natural gas from Oct. 1 to March 31, the period covered in its short- term energy and winter fuels outlook released today.
“It is going to be colder than last year and as a result of that, heating bills are going to be higher,” said Adam Sieminski, administrator of EIA, in Washington today.
MORE