Last updated 6:43PM ET
December 15, 2017
Business
Business
Home Heating Bills to Rise This Winter
(2007-10-08)
(Associated Press) -




A consumer group predicts that home heating bills will rise dramatically this winter for homeowners using heating oil. It says those depending on natural gas should see more stable costs.

The National Energy Assitance Directors Association says average spending on home heating this winter is forecast to rise by 10.5 percent, on average. That will be driven by big increases in heating oil prices.

The group represents state-run low income energy assistance programs.

Heating oil, used predominantly in the Northeast, is derived from crude oil. Crude is up about 33 percent from around from a year ago.

The average total heating oil bill for the winter months is projected to rise by 28 percent from a year ago.

Release of the report comes ahead of tomorrow's official forecast from the Energy Department.

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