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Posted: 12:23 PM Oct 7, 2008
Higher Heating Costs Predicted
The Energy Department says the cost of heating your home this winter will be a lot more expensive, especially for the tens of millions of households that use fuel oil or natural gas.
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WASHINGTON (AP) -- The Energy Department says the cost of heating your home this winter will be a lot more expensive, especially for the tens of millions of households that use fuel oil or natural gas.
Households that use oil can expect to spend an average of $2,388 -- or $449 more than last year -- for the October-April heating season. Users of natural gas will probably spend on average just over $1,000 -- or $155 more than last year.
The winter outlook released Tuesday by the department's statistical agency predicts the price of heating oil -- widely used in the Northeast -- will average 60 cents per gallon more than last winter. The cost of electricity and propane is expected to be 10 percent to 11 percent higher.
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