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New York
CNN Business
—
No matter how you heat your home, the cost of that heat is likely to soar, according to a forecast Wednesday from the Energy Information Administration.
Based on current estimates for fuel prices if, as forecast, there’s a slightly colder winter ahead, the EIA estimates that heating a home with natural gas heating costs will rise about $200 on average, or 28% to $931 for the winter.
Still, that’s not as bad as heating oil costs, which are forecast to jump $1,200, or 27% to $2,354. Electric heating costs could rise $123, or 10%, to $1,359, while propane heating costs are expected to rise $80, or 5%, to $1,688.
Bear in mind that in many cases these increases are on top of even higher percentage increases from a year ago. For example, heating oil costs jumped more than 50% for winter last year. Consumers who use heating oil can expect to pay nearly…
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