Americans’ heating costs rise this winter

Americans will spend more on heating this winter—especially during an exceptionally cold one. A new report released Wednesday by the U.S. Energy Information Administration (EIA) states that expenditures for propane, residential heating oil, natural gas, and electricity for heating will rise by 54%, 43%, 30%, and 6%, respectively, compared with last winter. The EIA forecasts that nationwide household heating costs will increase due to higher prices for all heating fuels and varying weather conditions. This forecast reflects soaring energy costs—particularly for oil and natural gas. U.S. crude oil prices recently closed above $80 per barrel—the first time since 2014. Natural gas, the most commonly used fuel for home heating, has surged to its highest level since 2008. Steve Nalley, Acting Administrator of the EIA, noted that energy demand growth has generally outpaced supply growth as the economy moves beyond the worst phase of the pandemic-induced downturn. These dynamics are driving up global energy prices.

U.S. media: Heating costs in America surge; public fears winter’s arrival

According to an Associated Press report on October 20, residents across the United States are dreading the arrival of winter amid surging energy costs and tight fuel supplies. The U.S. Department of Energy forecasts a sharp rise in household heating costs compared with last winter, prompting widespread concern over affordability. The Department of Energy estimates that households relying on natural gas for heating will face a 28% increase in heating expenses this winter—nearly half of all U.S. households use natural gas for heating. Additionally, heating oil costs are projected to rise by 27%, while electricity-based heating costs are expected to climb by 10%. This winter, the average household’s heating oil bill is projected to exceed $2,300, with New England—highly dependent on heating oil—bearing the brunt of the impact. Meanwhile, U.S. inflation remained elevated in September, with core CPI rising 6.6% year-on-year, further eroding household budgets. Aaron Remer, a resident of Maine, said that, with rising heating costs, he must begin stockpiling heating oil during summer months to prepare for cold weather—aiming to avoid a painful dilemma where his family would be forced to choose between food and heat.

US Heating-Oil Bills Expected to Rise 21% This Winter, EIA Says

20 hours ago

The US Energy Information Administration forecasts heating oil bills rising 21% this winter due to tight supplies and geopolitical tensions, with Brent crude projected at $105 per barrel.

bloomberg

2026-10-06

US Heating-Oil Bills Expected to Rise 21% This Winter, EIA Says

US Heating-Oil Bills Expected to Rise 21% This Winter, EIA Says

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