The Energy Information Administration says the cost of staying warm is going to grow this winter for the average American — and especially those who rely on heating oil.
The federal agency is predicting a 20 percent increase in spending for heating oil but more modest increases of 3 percent for electricity and 5 percent for natural gas. It says propane expenditures are expected to be roughly on par with last year.
The figures, which vary by region, are based on both projected fuel costs and temperature forecasts by the National Oceanic and Atmospheric Administration.
There’s some good news for people who struggle to heat their homes. Congress has increased spending for federal aid with $3.7 billion available this year.
Source: The Associated Press