Winter Heating Bills Set to Jump as Inflation Hits Home
NEW YORK (AP) – With prices surging worldwide for heating oil, natural gas, and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter.
Nearly half the homes in the U.S. use natural gas for heat, and they could pay an average of $746 this winter, 30% more than a year ago.
This could be the most expensive winter for natural-gas-heated homes since 2008-2009.
A forecast for a colder winter means people will likely be burning more fuel to keep warm, on top of paying more for each bit of it.