Colder Winter Will Mean Higher Heating Costs

NEW YORK (October 10, 2012)--Americans will pay more to heat their homes this winter as they feel something they didn't feel much of last year: cold, the U.S. Energy Department said Wednesday.

The Energy Department said heating bills will rise 15 percent for natural gas customers and 19 percent for heating oil customers as temperatures come closer to normal.

Last winter was the warmest on record.

Fuel prices will be relatively stable, but customers will have to use more to keep warm than they did a year ago.

Heating oil customers, however, are expected to pay the highest heating oil prices and the biggest overall heating bills ever, an average of $2,494, 20 percent more than last year.


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