Due to the price of natural gas and crude oil, it is predicted that it will cost you much more to heat your home this winter (Photo by John Ferguson, courtesy of FEMA)
As summer winds down, you’re
probably not thinking about your
heating bill. But that’s something
market analysts are thinking about
right now. And reporter Kyle Norris
finds the predictions of what it will
cost to heat your home are going up
in a big way:
Transcript
As summer winds down, you’re
probably not thinking about your
heating bill. But that’s something
market analysts are thinking about
right now. And reporter Kyle Norris
finds the predictions of what it will
cost to heat your home are going up
in a big way:
This year the average cost of heating your home is going to cost a good
chunk more than what it did last year.
Doug MacIntyre is an analyst with the US Energy Information
Administration.
“We’re estimating that, on average, the household using natural gas to
heat their home will be spending 24% more than last year. For heating
oil we think the increase will be even higher with house holds spending
about 36% more than they did last year.”
Those predications are made by looking at the cost of things like natural
gas and crude oil. And by analyzing the weather forecast for the up-
coming winter.
MacIntyre says he does not expect these expensive heating costs to go
away anytime in the next few years.
For The Environment Report, I’m Kyle Norris.