Make preparations now: Federal agency says heating your home this winter is going to cost a LOT more, especially in red states
The Epoch Times adds that officials are already saying massive price increases are coming:
The average heating cost for a U.S. household is forecasted to see a double-digit increase this winter, according to the U.S. Energy Information Administration (EIA) in its October winter fuels outlook.
Retail energy prices are expected to approach “multiyear highs” due to supply and demand changes following the pandemic, as well as a colder winter ahead.
Forecasted cost hikes include propane by 54 percent, heating oil costs by 43 percent, natural gas costs by 30 percent, and electricity costs by 6 percent.
With natural gas consumption projected to rise by 3 percent this winter, households are expected to spend $746 this winter, up from $573 the previous winter.
The natural gas price increases will vary by region this year, but the Midwest is looking at hikes of about 45 percent — the highest in the country — over last year’s rates. In the Northeast, meanwhile, price increases are going to average about 14 percent.
And again, a cynical person might surmise that left-wing market forces are going to punish red Midwestern states more than deep blue Northeastern states.
“Nearly half of all U.S. households use natural gas as the primary source of heating. Households relying on heating oil over winter will spend $1,734 over the winter, relative to $1,212 the previous year,” The Epoch Times reported.
And heating oils and natural gas prices are coming along with hikes at the gas pump, again thanks to Biden: The average price for a gallon of gas this year compared to last year when Trump’s energy independence policies were still in effect are more than than a dollar per gallon higher.
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1 comment:
Thank you so much Neshama for this. Also thank you for all the helpful info you post to help many.
Hashem bless you and yours.
nonee
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