EIA predicts energy prices will rise this winter

 More than 90% of the 116 million homes in the United States are expected to have higher heating bills this winter compared with last, mainly because of higher projected prices for residential natural gas, propane, and electricity, according to the U.S. Energy Information Administration.

 

 According to the U.S. Census Bureau’s 2012 American Community Survey, about 50% of U.S. households use natural gas as their primary heating fuel and about 39% of all U.S. households rely on electricity as their primary heating fuel.

 

EIA projects that average household expenditures for homes heating with natural gas will increase 13% over last winter’s average, while homes with electric heat are expected to spend 2% more.  Homes heating primarily with propane are expected to spend an average of 9% more than last winter and homes using heating oil are expected to spend 2% less.

 

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