Budget For A 10% Increase In Heating Costs This Year
Colder temperatures and higher fuel prices are going to hit consumers in the wallet this winter, according to estimates from the government. Depending on your fuel of choice, heat could cost from 4%-22% more, though most households will see an increase of 9.5%.
Here's the breakdown from MarketWatch:
Most households use natural gas for heating. Those 59 million households can be expected to pay $891 to heat their homes, up $78, or 9.5%, from last year.Adjust your budgets now if necessary; be happy later.
The 31 million households that use electric heat will pay about $855 this winter, up $32, or 4%.
The 8 million households that use heating oil can expect to pay $1,785 this winter, up $319, or 22%.
The 5 million households that use propane will pay about $1,570 this winter, up $221, or 16%.
Heating bills to be about 10% higher this winter [MarketWatch]
(Photo:kilgore)
Post a comment
Comments:
In our region, we are hearing that Questar wants to LOWER the price on natural gas! However, I'm sure we'll be paying more in the end somehow...I mean, energy prices...decreasing? It's not natural!
Hmm... If prices keep going up why not just heat your home less? You don't need to keep the temperature at 80 degrees all winter. After living in northern MI I learned that in the winter time you will always be wearing your sweater/sweatshirt at home. I'm always shocked when I go to a friends house in the middle of winter and everybody is wearing shorts and T-shirts and the house is heated to the mid eighties.
The Energy Department forecast quoted in the article has been notoriously inaccurate in the past. Also, there is more natural gas in storage at this point than at any time in the past. Unless we have an unexpectedly cold winter throughout the USA, we could actually see lower natural gas prices this winter than we've seen in many years.
@reviarg: Because there's a point past which you SIMPLY CAN'T GO LOWER. When your fingers are stiff from the frigidity INDOORS and you're shivering in multiple layers, you can't turn the heat any further down.
I don't know anyone who heats their home to 80*. The insane people next door keep it at 72* and the whole neighborhood mocks them for it. We're generally at 63* and down to 55* overnight. And my poor husband is from Florida.
I don't know anyone who heats their home to 80*.
@Eyebrows McGee: Neither do I. Who wants it that warm anyway?
Hot, cold, I just wish it would freaking rain.
@balthisar: I've been wanting to do that, but there's one guy in my area and he charges $6k/ton. May I ask what you paid, what type, and how large an installation?
I have horrible arthritis so I can't turn down the heat too much or I won't be able to move, even with running thermals and two layers of polar fleece.
Our problem is less how cold it is but combining that with the wind blowing. When it is 18 degrees with a solid 50mph wind it is impossible to keep even a new house heated.
The farmers almanac is saying that the upper midwest should have a warmer than normal winter with only colder than normal in Feb.
Good timing on us putting in a new furnace this year. Rebates alone make it seem relatively painless. Reminds me of when my husband was complaining to his brother about our $180/mo heating bill last year. He hung his head, gee I wish ours was that. His was about $250/mo.
I used to bitch about it being 60 degrees during the winter at my parent's house when I lived there. Guess what the thermostat is set at my house - yep 60 degrees. Every blanket I put on is like giving myself $5. Thanks for freezing me into frugality mom and dad.
I heard on The News Hour with Jim Lehrer last night that heating oil prices were going to go up about 20% and natty gas about 10%, which this article seems to bear out...
I just moved to a house with natural gas heating, and I can't wait to be able to turn the A/C off! (I live in CT, which has the second-highest electricity rates in the country...right behind Hawaii...)
@bohemian: "Our problem is less how cold it is but combining that with the wind blowing. When it is 18 degrees with a solid 50mph wind it is impossible to keep even a new house heated."
Yeah, we have the same problem. When the wind picks up in Jan/Feb, it really doesn't matter what the actual temperature is; the house is just not staying warm no matter what we do.
My mom always used to say "heat rises" this was an answer to putting on slippers to keep my feet warm or putting on a hat because heat escapes from my head when outside in the winter or even just to let me know, she knows!It appears that the utility companies also know that, the cost of heat rises...
Uhm, are you sure? This isn't quite kosher with the Questar Gas to cut rates by $89.6M article I just read. At least in Utah, natural gas prices are going down by 9% this winter.
















Natural gas prices = bad. Dairy Queen Blizzards, on the other hand= tasty.