EIA expects U.S. heating oil prices to be higher compared with last winter (10/17/2018)

The U.S. Energy Information Administration (EIA) expects that average household bills for most major energy sources of home heating will rise this winter. The increased expenditures are largely driven by higher energy prices, although in some regions colder forecasts for winter also drive up some expenditures. According to EIA’s Winter Fuels Outlook and the October update of the Short-Term Energy Outlook (STEO), the average household that uses heating oil is forecast to spend about $269 (20%) more this winter compared with last winter (Figure 1). ... More »