AI Image
Heating Costs Will Rise 7% on Average This Winter
The New York Times • • business
Key Points:
- Home heating costs are projected to increase by over 7 percent nationwide this winter, exacerbating financial challenges for households already burdened by rising energy prices.
- The National Energy Assistance Directors Association attributes these higher costs partly to disruptions from the U.S.-Israeli war with Iran and Russia’s conflict with Ukraine, which have affected global oil and fuel supplies.
- Households using heating oil, primarily in the Northeast and Alaska, face the steepest rise, with potential costs up to 70 percent higher than last winter, averaging around $2,977 for the season.
- Other heating methods will also see cost increases: electricity users may pay 6 percent more, propane users about 5 percent more, while natural gas heating costs are expected to remain stable.
- Rising energy prices have contributed to widespread payment difficulties, with one in six households falling behind on bills and over 15 million utility disconnections reported in 2024.
