by Talk Business & Politics staff (staff2@talkbusiness.net)
U.S. households will likely pay more to heat their homes this winter, according to the U.S. Energy Information Administration (EIA). Compared to last winter, households are expected to spend 28% more on natural gas, 27% more on heating oil, 10% more on electricity and 5% more on propane.
On Wednesday (Oct. 12), the EIA released its 2022 Winter Fuels Outlook showing that U.S. residential energy prices will be higher this winter and heating fuel consumption is projected to be higher amid a colder winter than last year.
The National Oceanic and Atmospheric Administration expects the United States to have a slightly colder winter than last year, leading to higher consumption levels. The higher energy prices and consumption levels contribute to higher heating costs for households.
