Released: October 08, 2008

Heating bills expected to be higher

Source: Paul Davidson, USA Today

Consumers will pay about 15% more — an extra $150 on average— to warm their homes this winter, with those that rely on heating oil hit even harder, the Energy Department said Tuesday.

The average household will spend $1,137 on heating from October to March, says the department’s Energy Information Administration. The increase reflects higher oil and natural gas prices and a forecast for colder weather than last winter.

Projected monthly household outlays are $15 less than the government’s forecast last month and $45 less than its August estimate — due to falling oil and natural gas prices. 

Read Full Article: Heating bills expected to be higher