Heating bills, oil price rise predicted
Wednesday, October 12, 2005
Local forecasters predict that most of the US will have a warmer-than-expected winter this year. However, households that heat their homes by gas can expect to pay 29.8% more in heating bills. In the case of colder-than-expected weather, an increase of 66% in household heating costs is likely. In typical weather, prices will rise about 47.6%. Households that use electricity can expect a rise of about 5% from last year. NOAA's 2005-2006 U.S. Winter Outlook calls for warmer-than-normal temperatures across much of the central and western United States, including Alaska and Hawaii. The Midwest, the Southern Californian coast and the East Coast have equal chances of warmer, cooler or near-normal temperatures this winter.
The Energy Information Administration predicts that the price of oil will rise to around $64 per barrel (42 gallons or 158.97 litres) in 2006, with $58 being the average for this year.
- "Heating bills, oil expected to rise" — , October 12, 2005
- "2005-2006 US Winter Outlook" — , October 12, 2005
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