Lower Heating Prices

October 22, 2014

From CNBC

Lower heating prices
A drop in energy costs is good news for consumers as the temperatures fall. Most households may only see $20 to $30 in savings on their heating bills this season compared to last winter, but some customers could see a nearly $800 drop in their overall heating costs, according to the U.S. Energy Information Administration.
More than a third of U.S. households use natural gas to heat their homes and the price of that fuel is likely to be higher than last winter (electricity prices, which follow natural gas, are on the rise too), but the forecast for milder temperatures should mean overall consumption for the heating season–and your bill–will be lower than last year. If you’re in the Northeast and use heating oil or propane to heat your home, you could see a 15-percent drop in your winter heating bill versus last winter. Propane users in the Midwest may pay the most in the country to heat their homes, but with the drop in propane prices, the overall cost will be about 30 percent less than last year, according to the EIA.

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