US home heating bills seen much higher this winter, EIA says By Reuters – Investing.com

  • Date: 13-Oct-2021
  • Source: Investing.com
  • Sector:Oil & Gas
  • Country:Gulf
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US home heating bills seen much higher this winter, EIA says By Reuters – Investing.com

(Reuters) -U.S. consumers will spend more to heat their homes this winter (October-March) than last year due mostly to higher energy commodity prices, the U.S. Energy Information Administration (EIA) projected in its Winter Fuels Outlook on Wednesday.

Households that use propane and will likely spend much more than last year, EIA said.

EIA said it based its cost estimates on expectations of high retail energy prices — many are already at multiyear highs — and on forecasts for slightly colder weather this winter boosting household energy consumption over last year.