EIA predicts higher winter heating costs for most energy sources

The U.S. Energy Information Administration has released the October edition of its Short-Term Energy Outlook and 2018-2019 Winter Fuels Outlook, predicting that average household bills for most energy sources of home heating will rise this winter due to higher forecast energy prices.

While temperatures are expected to be roughly the same as last winter in much of the country, the EIA expects prices for home heating oil to increase by 20 percent. The prices of other sources of heating are also expected to increase, with natural gas bills expected to be up 5 percent, and electricity to be up 3 percent. Expenditures for homes that use propane are expected to be about the same as last winter.