EIA expects U.S. winter heating fuel expenditures to decrease (10/17/2019)

The U.S. Energy Information Administration (EIA) expects that most U.S. households will spend less on major home heating fuels this winter (October 2019 through March 2020) than last winter. Although EIA’s Winter Fuels Outlook forecasts that expenditures will fall across most fuels, the declines are likely to be particularly significant for households that primarily use heating oil and propane. For homes relying on heating oil, EIA expects winter fuel expenditures to fall by an average of 4.4%, from $1,570 during the 2018–19 winter to $1,501 for the 2019–20 winter. Similarly, depending on the region, propane expenditures are forecast to fall by an average of between 12.1% and 17.3%, significantly more than the respective 1.2% and 1.3% average declines expected for households heating primarily with electricity and natural gas. ... More »