October 25, 2007
Home Heating Bills Will Increase
Home Heating Bills Will Increase
No matter how you heat your house, this year will cost you more than last, according to a government report issued recently.
Americans will spend $977 to heat their homes this year, averaging for all fuels across all sections of the country, according to the Energy Information Administration.
That's nearly 10 percent higher than the $889 spent last year and the highest amount ever, not adjusted for inflation. The previous record was $948 in 2005-2006, according to EIA.
Those heating with oil can expect to pay $319 more this year compared to last. Natural gas users, accounting for more than half of U.S. households, can expect to pay 10 percent, or $78 more this winter.
In addition to citing higher fuel prices, EIA said this winter is projected to be 4 percent colder than last - although still about 2 percent warmer than the 30-year average. Colder temperatures this winter compared to last account for some of the rise in heating costs.
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