Winter heating bills set to rocket

By Theunis Bates, Editor at LinkedIn News

Home heating bills could soar by up to 28% this winter, according to a new forecast from the Energy Information Administration.

That sharp spike is a result of surging fuel costs — pushed higher by supply disruptions and Russia’s invasion of Ukraine — and predictions of chillier weather.

The roughly 50% of American homes that use natural gas for heat will spend an average of $930 on heating this winter, up 28% year-on-year.

Homes that use electricity will pay $1,360, up 10%. And those that use heating oil will see bills climb 27% to $2,350.
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