U.S. Homes Could See 54 Percent Rise in Heating Costs, Especially for Propane, Natural Gas

U.S. Homes Could See 54 Percent Rise in Heating Costs, Especially for Propane, Natural Gas

Staying warm this winter in the country will come at a higher cost this year along with most other consumer expenses as heating oil, natural gas and other fuels surge in price.

The federal government said Wednesday that households will see their heating bills skyrocket as much as 54 percent compared to last winter—with the biggest increases due for homes that use propane, which accounts for roughly 5 percent of U.S. households.

Additionally, homes using natural gas, which is about half of all American households, could see bills above $740 this winter—a 30 percent spike from about the same time last year. That means this winter could be the most expensive since 2008-2009.